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Business, 26.07.2020 01:01 Siris420

On December 1, 2018, ABC signed a $300,000, 5%, six-month note payable with the amount borrowed plus accrued interest due six months later on June 1, 2019. ABC records the appropriate adjusting entry for the note on December 31, 2018. What amount of cash will be needed to pay back the note payable plus any accrued interest on June 1, 2019?

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On December 1, 2018, ABC signed a $300,000, 5%, six-month note payable with the amount borrowed plus...
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