On November 1, Sofa So Good, Inc., lent $4,000 on a 3-month, 6% note with...
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Accounting
On November 1, Sofa So Good, Inc., lent $4,000 on a 3-month, 6% note with interest and principal due at maturity. Calculate the amount of interest in the adjusting entry for the year ended December 31. ROUND YOUR ANSWER TO THE NEAREST WHOLE DOLLAR
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