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2.ABC Company takes out a loan for $40,000 with 10% interest on April 1, 2018. This amount plus interest is due on March 31, 2019.

2.ABC Company takes out a loan for $40,000 with 10% interest on April 1, 2018. This amount plus interest is due on March 31, 2019. Record the adjusting entry for December 31, 2018. a. Debit Interest...

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