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Homework answers / question archive / Sonya company borrowed $175,000 on Apr 1, 2011

Sonya company borrowed $175,000 on Apr 1, 2011

Accounting

Sonya company borrowed $175,000 on Apr 1, 2011. the note requires interest at 12% and principal to be paid after one year. How much interest expense is recognized on Dec 31, 2011?

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