Question
Adjusting entry: On 1 February 2021 , Design Thinking Pty Ltd obtained a three year bank loan of $90,000 at an annual interest rate of
Adjusting entry: On 1 February 2021, Design Thinking Pty Ltd obtained a three year bank loan of $90,000 at an annual interest rate of 3.5% p.a.
Instructions: Record the adjusting entry for the year ending 31 August 2021 by selecting the correct accounts and amounts that are debited and credited. (4 marks)
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Accounting And Financial System Reform In Eastern Europe And Asia
Authors: Robert W. McGee, Galina G. Preobragenskaya
2nd Edition
0387257098, 9780387257099
