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Business, 19.12.2019 21:31 KhaliylTestman

Universal travel inc borrowed $500,000 on november 1, 2018 and signed a twelve month note bearing interest at 6% principal and interest are payable in full at maturity on october 31, 2018. in connection with this note, universal travel inc. should report interest payable at december 31, 2018 in the amount of: a) $5,000 b) $30,000 c) $25,000 d) $8,000

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