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An Company December it year end and how 50.000 on November 1 from the SH0.000,00 day at the entry recorded on December 11 will include

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An Company December it year end and how 50.000 on November 1 from the SH0.000,00 day at the entry recorded on December 11 will include a detto Interest Expense for $1.067 Interest Expense for $1.600 Interest Payable for $4,267 Interest Payable for $1.600 DEF Company has a December 31 year end and borrows $80,000 on November 1 from State Bank by signing a $10,000, 88, 90 day note. The December 31 balance sheet will report Notes Payable, $81,067 Interest Payable, $1,600 Interest Expense, $533 Interest Payable, $1,067 Stevens Company has an unadjusted balance of $80,000 in its Uneamed Revenue account on December 31 Twenty percent is earned by December 11 The December 31 adjusting entry will include a credit to Revenue, $16,000 Unearned Revenue, $64,000 Revenue, $64,000 Unearned Revenue, $16,000

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