Question
6% interest note payable was made on January 31,2017 and is due February 1, 2019. 5-year loan was made on June 1, 2017. Terms are
6% interest note payable was made on January 31,2017 and is due February 1, 2019.
5-year loan was made on June 1, 2017. Terms are 7.5% annual rate, interest only until due date.
Notes payable is $10,000. Loans payable $21,000.
how much would i be putting in the interest expense adjusting journal entry?
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International Accounting
Authors: Timothy Doupnik, Hector Perera
3rd Edition
978-0078110955, 0078110955
