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due date for this question is December 9, 23:59 !! A company borrowed 20.000 TL from the bank signing a 9%, 3-month note on September
due date for this question is December 9, 23:59 !!
A company borrowed 20.000 TL from the bank signing a 9%, 3-month note on September 1. Principal and interest are payable to the bank on December 1. If the company prepares monthly financial statements, the adjusting entry that the company should make for interest on September 30, would be? (Apply simple interest on the loan)Step by Step Solution
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Hospitality Industry Managerial Accounting
Authors: Raymond S. Schmidgall
8th Edition
0866124977, 9780866124973
