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Intermediate Accounting 1 0 5 May I please have the solution to the following exercise? Thank you Whispering Corporation borrowed $ 6 8 , 0
Intermediate Accounting
May I please have the solution to the following exercise?
Thank you
Whispering Corporation borrowed $ on November by signing a $month, zerointerestbearing note. Prepare
Whispering's November entry; the December annual adjusting entry; and the February entry. If no entry is
required, select No Entry" for the account titles and enter for the amounts. Credit account titles are automatically indented when amount is
entered. Do not indent manually. Record journal entries in the order presented in the problem. List all debit entries before credit entries.
Date
Account Titles and Explanation
Debit
Credit
To record discount amortization
To record repayment of note
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