On June 30, 2013, Chu Industries issued 9-month notes in the amount of $700,000. Assume that interest is payable at maturity in the following three independent cases: 
Required:
Determine the amount of interest expense that should be accrued in a year-end adjusting entry under each assumption:
Definitions:
Laboratory Studies
Laboratory studies involve the analysis of samples (like blood or urine) in a controlled setting to diagnose diseases, understand health conditions, or perform research.
Objective Data
Information in healthcare that is measurable and observable by healthcare providers, differing from subjective data provided by the patient's personal experience of symptoms.
Discharge Summary
A document that summarizes a patient's hospital stay, including the reason for admission, course of treatment, condition at discharge, and instructions for follow-up care.
Evidence-Based
An approach to decision-making in healthcare that involves the integration of best current research evidence with clinical expertise and patient values.
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