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Coronado Condtruction Ltdi borcowed $350,000 from Atco Finance Ltid. on October 1, 2020, by issuing a nine-month sote payable at 5 5.interest payable at maturity.

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Coronado Condtruction Ltdi borcowed $350,000 from Atco Finance Ltid. on October 1, 2020, by issuing a nine-month sote payable at 5 5.interest payable at maturity. Hoth comparies have a December 31 year end and make adjusting entries annially (a) Interest Expense Julv 1.2021 > Interest payabhe 8750 Interest Expense (To record interest) Crith 36318 imeterestrectivatit Noter fectivatie: (To rocotd itepayment of bank hean) eTextbookand Modla List of Accounts Coronado Condtruction Ltdi borcowed $350,000 from Atco Finance Ltid. on October 1, 2020, by issuing a nine-month sote payable at 5 5.interest payable at maturity. Hoth comparies have a December 31 year end and make adjusting entries annially (a) Interest Expense Julv 1.2021 > Interest payabhe 8750 Interest Expense (To record interest) Crith 36318 imeterestrectivatit Noter fectivatie: (To rocotd itepayment of bank hean) eTextbookand Modla List of Accounts

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