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    Exam 9: Reporting and Interpreting Liabilities
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    Thomas Company Borrowed $30,000 on March 1,2019
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Thomas Company Borrowed $30,000 on March 1,2019

Question 36

Question 36

Multiple Choice

Thomas Company borrowed $30,000 on March 1,2019.Thomas signed a 2-year 6% interest-bearing note.What is the adjustment amount to accrue interest on December 31,2020?


A) $1,800.
B) $3,600.
C) $300.
D) $1,200.

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