Question
4 . On October 1, 2019, the company lent $50,000 to a customer. The customer signed a note that requires principal and interest at 8%
4. On October 1, 2019, the company lent $50,000 to a customer. The customer signed a note that requires principal and interest at 8% to be paid on September 30, 2020.
What must I do to mathematically? This way, I can make adjusting journal entries.
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Accounting concepts and applications
Authors: Albrecht Stice, Stice Swain
11th Edition
978-0538750196, 538745487, 538750197, 978-0538745482
