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Accounting On November 1 , Beasley Company sold $50,000 of merchandise to Cosmo Company on account. Cosmo was experiencing cash problems, so instead of paying
Accounting 
On November 1 , Beasley Company sold $50,000 of merchandise to Cosmo Company on account. Cosmo was experiencing cash problems, so instead of paying its account it issued a 6 -month, 10% note to Beasley. Make a journal entry to record the accrued interest on the note at December 31. SHOW YOUR CALCULATIONS
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Introduction To Managerial Accounting
Authors: Jeannie Folk, Ray Garrison, Eric Noree
1st Edition
0072468440, 978-0072468441
