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Gigler Company borrowed $20,000 on a 90 -day, 6% note payable dated January 15 . The bank accrues interest daily based on a 365 -day

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Gigler Company borrowed $20,000 on a 90 -day, 6% note payable dated January 15 . The bank accrues interest daily based on a 365 -day year. Use journal entries and T-accounts to record the month-end interest accrual. Note: If there is no posting for a journal reference listed, leave the answer blank or add a zero

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