The amount of accrued interest payable that should be shown, Ask an Expert

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Warner Company borrowed $25,000 cash on November 1, 1998, and signed a six-month 12% interest-bearing note payable with interest payable at maturity. The amount of accrued interest payable that should be shown on the December 31, 1998 balance sheet is ?

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Accounting Basics, Accounting

Category:- Accounting Basics
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