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9: Guava company takes out an interest bearing note from the Bank on December 1, 2020. The amount of the note was $100,000, with
9: Guava company takes out an interest bearing note from the Bank on December 1, 2020. The amount of the note was $100,000, with an interest rate of 8% and a term of 90 days. What is the amount of the interest accrual adjusting entry the company would make on December 31, 2020? Also, provide the journal entries for 1: Issuance of the note, 2: Accrual at 12/31, and 3: Repayment at maturity. Round to the nearest whole dollar. Interest Accrual: Journal Entries: 10: We learned that we can use Bonds and Equity to raise HUGE amounts of capital (or money). What is the difference in terms of how we pay back the investor between Bonds and Equity?
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