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adjusting entry for accrud interest will include Question 6 / 25 On October 1, 2010, Pennington Company issued a $40,000, 10%, nine-month interest-bearing note. If
adjusting entry for accrud interest will include
Question 6 / 25 On October 1, 2010, Pennington Company issued a $40,000, 10%, nine-month interest-bearing note. If the Pennington Company is preparing financial statements at December 31, 2010, the adjusting 1. credit to Notes Payable of $1,000 2. debit to Interest Expense of $1,000 3. credit to Interest Payable of $2,000 4. debit to Interest Expense of $1,500Step by Step Solution
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