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Alex Company borrowed $1,000,000 from a bank on October 1st. The note carries an annual interest rate of 12%. Prepare the adjusting journal entry at
Alex Company borrowed $1,000,000 from a bank on October 1st. The note carries an annual interest rate of 12%. Prepare the adjusting journal entry at December 31st.
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Frank Woods Business Accounting An Introduction To Financial Accounting
Authors: Alan Sangster, Lewis Gordon, Frank Wood
15th Edition
1292365439, 9781292365435
