ErikaS5366 ErikaS5366

14-11-2022
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on november 1, 2024, a company signed a $108,000, 4%, six-month note payable with the amount borrowed plus accrued interest due six months later on may 1, 2025. the company recorded accrued interest on december 31, 2024. the payment of the note and interest on may 1, 2025, causes assets to decrease by $110,160 and which of the following?(do not round your intermediate calculations.)

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