Question
I need help putting this into a journal entry Nova Corporation hired a new product manager and agreed to provide her a $20,000 relocation loan
I need help putting this into a journal entry
Nova Corporation hired a new product manager and agreed to provide her a $20,000 relocation loan on a six-month, 7 percent note. a.The company loans the money on January 1, 2013. b.The new employee pays Nova the interest owned on the maturity date. c.The new employee pays Nova the full principal owned on the maturity date.
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Using Microsoft Excel and Access 2016 for Accounting
Authors: Glenn Owen
5th edition
1337109048, 1337109045, 1337342149, 9781337342148 , 978-1337109048
