Question
a. On March 1 of the current year, the company borrowed $61,320 at a 10 percent interest rate to be repaid in five years. b.
a. On March 1 of the current year, the company borrowed $61,320 at a 10 percent interest rate to be repaid in five years.
b. On the last day of the current year, the company received a $470 utility bill for utilities used in December. The bill will be paid in January of next year.
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Advanced Financial Reporting And Analysis
Authors: John Dunn, Margaret Stewart
1st Edition
0470973609, 9780470973608
