On September 30, 2023, its fiscal year end, NS Services recorded an adjusting entry for $2,000 ------of
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On September 30, 2023, its fiscal year end, NS Services recorded an adjusting entry for $2,000 ------of interest it owes at year end and will include as part of its payment on October 31, 2023. On October 31, 2023, the company paid interest in the amount of $3,000. Assuming NS Services uses reversing entries, prepare the journal entries for these interest transactions.
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Related Book For
Horngrens Accounting Volume 1
ISBN: 9780136889373
12th Canadian Edition
Authors: Tracie Miller Nobles, Brenda Mattison, Ella Mae Matsumura
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