Multiple Choice
On December 31, 20A, Bennett recorded an adjusting entry to account for interest that had accrued on the note. What is the approximate amount of interest expense that would have accrued at December 31, 20A?
A) $76,200
B) $96,000
C) $25,402
D) $32,000
Correct Answer:
Verified
Correct Answer:
Verified
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