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Thomas Company Decided to Borrow $30,000 on March 1st, 2014

Question 76

Multiple Choice

Thomas Company decided to borrow $30,000 on March 1st, 2014. Thomas signed a 2-year 6% interest-bearing note. What is the adjustment amount to accrue interest on December 31, 2015?


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

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