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Sleigh Bells Ringing Corp borrowed $ 1 0 , 0 0 0 on a ten month promissory note at 8 % to be repaid in

Sleigh Bells Ringing Corp borrowed $

10, 000

on a ten month promissory note at

8 %

to be repaid in one lump sum. The funds were borrowed on September

1 .

What is the amount of accrued interest expense?

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