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is thinking of repaying amounts outstanding to her grandmother Recall that Cookie Creations borrowed $2,000 on November 16, 2018, from Natalie's grandmother. Interest on the
is thinking of repaying amounts outstanding to her grandmother Recall that Cookie Creations borrowed $2,000 on November 16, 2018, from Natalie's grandmother. Interest on the note 6% per year, and the note plus interest was to be repaid in 24 months. Recall that a monthly adjusting journal entry was prepared for the months of November 2019 (1/2 month), December 2018, and January 2019. Your answer is correct. Calculate the interest payable that was accrued and recorded to July 31, 2012, assuming monthly adjusting entries were made. Interest payable 5 Click if you would like to show Work for this questions Open Show Work Prepare the journal entry at August 31, 2019, to record one month's accrued interest. (Credit account titles are automatically indented when amount is entered. Do not indent manually Debit Credit Date Account Titles and Explanation Aug. 31 Click H you would like to Show Work for this questions Open Show Wick HOW LIST OF ACCOUNTS
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