Question
A company borrowed 20.000 TL from the bank signing a 9%, 3-month note on September 1. Principal and interest are payable to the bank on
A company borrowed 20.000 TL from the bank signing a 9%, 3-month note on September 1. Principal and interest are payable to the bank on December 1. If the company prepares monthly financial statements, the adjusting entry that the company should make for interest on September 30, would be? (Apply simple interest on the loan)
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Expert Systems And Artificial Intelligence In Internal Auditing
Authors: Daniel E. O'Leary, Paul R. Watkins
1st Edition
1558760865, 978-1558760868
