Josh Reilly is the owner of Dispatch Delivery Service. Recently, Josh paid interest of $4,500 on a

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Josh Reilly is the owner of Dispatch Delivery Service.

Recently, Josh paid interest of $4,500 on a personal loan of $75,000 that he used to begin the business. Should Dispatch Delivery Service record the interest payment?

Explain.

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Corporate Financial Accounting

ISBN: 9781337398176

15th Edition

Authors: Carl Warren, Jefferson Jones

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