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sweeny & allen, a large marketing firm, adjusts its acconuts at the end of each month. The following information is available for the year ending

sweeny & allen, a large marketing firm, adjusts its acconuts at the end of each month. The following information is available for the year ending december 31. 1. A Bank loan had been obtained on December 1. Accurred interest on the loan at deember 31 amonts to $1500.

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