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The company last paid interest on the ST note payable on November 1. 2012. Record the accrued interest expense for the last 2 months of

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The company last paid interest on the ST note payable on November 1. 2012. Record the accrued interest expense for the last 2 months of 2012. The annual interest rate is 8%. Round to nearest whole dollar. The Bonds Payable and related Premium amounts on the Nov. trial balance relate to the Jan. 1, 2012 issuance of the following bonds: On Jan. 1, 2012, the company issued 10%, 10year bonds when the market rate for similar investments was 8%. The company pays interest each year on January 1\". On Dec. 31, 2012, use the effective interest method of amortizing the premium on bonds payable to accrue the interest expense for 2012. Round your interest expense calculation to the nearest whole dollar

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