At the end of the year, the following interest is payable, but not yet paid. Record the
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At the end of the year, the following interest is payable, but not yet paid. Record the adjusting entry in the general journal.
Interest on $8,000, 90-day, 8% note (for 18 days) …. $32.00
Interest on $4,500, 60-day, 10% note (for 7 days) …….. 8.75
....................................................................................$40.75
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DATE 20 Dec 31 Interest ...View the full answer
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