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Universal Travel, Incorporated borrowed $501,000 on November 1, 2024, and signed a twelvo-month note bearing interest at 6x. Fincipal and interest are asyable in full
Universal Travel, Incorporated borrowed $501,000 on November 1, 2024, and signed a twelvo-month note bearing interest at 6x. Fincipal and interest are asyable in full at moturity on CCtober 3t, 2025. What is the amount of interest payable that should be reported by Universal Travel, hncomorated an December 31, 2024? Multiple Choice $25,050 $5010 $30060 $7515
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