Assuming Ava Company borrowed $[a] on January 1, 2023 and ma…
Assuming Ava Company borrowed $[a] on January 1, 2023 and makes the required annual payments of $[b] on December 31 of each year. The interest rate on the note is [x]% annually. When Ava records the 12/31/24 payment, what is the debit to interest expense?
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