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On December 1, Watson Enterprises Signed a $24,000, 60-Day, 4

question 211

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On December 1, Watson Enterprises signed a $24,000, 60-day, 4% note payable as replacement of an account payable with Erikson Company. What amount of interest expense is accrued at December 31, the company's year-end, on the note?


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A federal agency responsible for protecting public health by regulating food safety, pharmaceutical drugs, medical devices, and other consumer products.

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