Computing the interest paid, Accounting Basics

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Computing the interest paid

Response to the following problem:

Given the following information, compute Lemon Company's interest paid.

• Decrease in interest payable $1,000

• Bond premium amortization 750

• Bond interest expense 5,000

PLEASE SHOW CALCULATIONS ON HOW YOU ARRIVED AT YOUR ANSWER.

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Accounting Basics: Computing the interest paid

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Accounting Basics: Computing the interest paid

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