On December 31, Colfax Company recognized accrued interest expense in the amount of $1,500. The interest expense was related to a discount note that Colfax had issued earlier in the year.

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The Answer of On December 31, Colfax Company recognized accrued interest expense in the amount of $1,500. The interest expense was related to a discount note that Colfax had issued earlier in the year.

On December 31, Colfax Company Recognized Accrued Interest Expense in the Amount