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How do I make adjustment if the question is like this; A note payable of RM80,000 which was issued on 1 December 2018 at 9%
How do I make adjustment if the question is like this;
A note payable of RM80,000 which was issued on 1 December 2018 at 9% per year. Interest is paid quarterly. The transaction has been recorded except for accrued interest. 25% of the notes are due next year.
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