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What the december adjusting entry will include a debit

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Problem 1: On May 1, 20x5, you take out a loan in the amount of $764,735 payable in two years. The interest rate charged on the loan, payable annually, is 12%. The December 31, 20x5 adjusting entry will include a debit to interest expense of (round to the nearest whole dollar):

Reference no: EM133011363

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