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16 On November 15, Alan Company signed a 120-day, 6% note payable, with a face value of $115,400. Required: Enter the adjusting entry for the
16
On November 15, Alan Company signed a 120-day, 6% note payable, with a face value of $115,400.
Required:
- Enter the adjusting entry for the accrued interest at December 31 on this note below.
- Show your calculations.
Please use a 360 day year. Also, please round your numbers to the NEAREST DOLLAR.
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Margins Of Error In Accounting
Authors: D. Myddelton
1st Edition
0230219918, 9780230219915
