If a company with a 12/31 year-end were to borrow money in the form of a four-month

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If a company with a 12/31 year-end were to borrow money in the form of a four-month note on 11/1, what accounts would be debited on 3/1 when it pays the note off?

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Financial Accounting

ISBN: 978-0134436111

4th edition

Authors: Robert Kemp, Jeffrey Waybright

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Question Posted: Nov 17, 2017 09:10 AM

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If a company with a 12/31 year-end were to borrow money in the form of a four-month

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The company would debit the notes payabl...View the full answer

Financial Accounting

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