What is the amount of interest expense that should be
1. On July 1, Orcas Lab issued a $100,000, 12%, 8-month note. Interest is payable at maturity. What is the amount of interest expense that should be recorded in a year-end adjusting entry if the fiscal year-end is (a) December 31? (b) September 30?
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1 on july 1 orcas lab issued a 100000 12 8-month note interest is payable at maturity what is the amount of interest
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