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Splish Design was founded by Thomas Grant in January 2011. Presented below is the adjusted trial balance as of December 31, 2

174 Interest Payable Notes Payable Unearned Service Revenue Salaries and Wages Payable Common Stock Retained Earnings Service

Answer the following questions. (Round interest rate to 0 decimal places, e.g. 5%.) (1) If the note has been outstanding 6 mo

Showing your work would be much appreciated, thank you in advance!

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Answer #1

Answer: 1) Note Payable has been outstanding for 6 months, the annual interest rate are as follows: Interest Payable - Notes

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