Business, 02.04.2020 01:43 hardwick744

Assume that on July 1, 2018, Togo's Sandwiches issues a $2.97 million, one-year note. Interest is payable at maturity.

Determine the amount of interest expense that should be recorded in a year-end adjusting entry under each of the following independent assumptions.

(Enter your answers in dollars, not in millions. Do not round intermediate calculations. Round your answers to the nearest dollar amount.):

7% Dec. 31-

9% Sept. 30-

6% Oct. 31-

8% Jan 31-

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Assume that on July 1, 2018, Togo's Sandwiches issues a $2.97 million, one-year note. Interest is pa...

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