On July 8, Jones Inc. issued an $71,300, 10%, 120-day note payable to Miller Company. Assume that the fiscal year of Jones ends July 31. Using a 360-day year, what is the amount of interest expense recognized by Jones in the current fiscal year? When required, round your answer to the nearest dollar. a.$456 b.$912 c.$7,130 d.$1,368

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Q: Inc. issued ar а Cerest revenu

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