On January 1,2019,SuperBowlInc signed a two-year,7% $5,000 note payable.The note plus interest is due on December 31,2020.The amount of interest expense to be recorded for 2019 is $375.

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The Answer of On January 1,2019,SuperBowlInc signed a two-year,7% $5,000 note payable.The note plus interest is due on December 31,2020.The amount of interest expense to be recorded for 2019 is $375.

On January 1,2019,SuperBowlInc Signed a Two-Year,7% $5,000 Note Payable