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Adjusting Journal Entry The company has a $20,000, 9-month, 12% (annual rate) note payable outstanding at the end of the year. The note was issued

Adjusting Journal Entry

The company has a $20,000, 9-month, 12% (annual rate) note payable outstanding at the end of the year. The note was issued on October 1; the interest is due when the note is paid.

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Adjusting Journal Entry The company has a $20,000, 9-month, 12% (annual rate) note payable outstanding at the end of the year. The note was issued

Adjusting Journal Entry The company has a $20,000, 9-month, 12% (annual rate) note payable outstanding at the end of the year. The note was issued on October 1; the interest is due when the note is paid.

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Recommended Textbook for

Financial Accounting Information for Decisions

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Adjusting Journal Entry

The company has a $20,000, 9-month, 12% (annual rate) note payable outstanding at the end of the year. The note was issued on October 1; the interest is due when the note is paid.