Accrued Interest} On August 1, Wilshire Company borrowed ($ 150,000) from National Bank on a one-year, (8

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Accrued Interest}

On August 1, Wilshire Company borrowed $\$ 150,000$ from National Bank on a one-year, $8 \%$ note.

\section*{Required:}

What adjusting entry should Wilshire make at December 31?

\section*{Cornerstone Exercise

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Cornerstones Of Financial Accounting

ISBN: 9780176707125

2nd Canadian Edition

Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone

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Question Posted: Jun 10, 2024 01:02 AM

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Accrued Interest} On August 1, Wilshire Company borrowed ($ 150,000) from National Bank on a one-year, (8

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Cornerstones Of Financial Accounting

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