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Your parents lend the company $10,000 cash in exchange for a two-year, 6% note payable....

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Accounting

Your parents lend the company $10,000 cash in exchange for a two-year, 6% note payable. Interest and the principal are repayable at maturity.

What is the Accrued interest for note payable for a full month of interest for July. (6% annual interest on $10,000 loan from parents.)

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