Question
Brown Corp. borrowed 100,000 on Oct. 1, 2018 and signed a 12 month note bearing interest at 6 %. Interest is payable in full at
Brown Corp. borrowed 100,000 on Oct. 1, 2018 and signed a 12 month note bearing interest at 6 %. Interest is payable in full at maturity on Sep. 30, 2019.
Brown Corp should report interest payable at Dec. 31,2018 in the amount of
journal entry to record the accrued liability:
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Managing IoT Systems For Institutions And Cities Internal Audit And IT Audit
Authors: Chuck Benson
1st Edition
1138590487, 978-1138590489
