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Journalize the adjusting entry needed at December 31 for each situation. Incurred interest expense of $3,700 Date Accounts and Explanation Debit Credit Dec. 31 interest

Journalize the adjusting entry needed at December 31 for each situation. image text in transcribed

Incurred interest expense of $3,700 Date Accounts and Explanation Debit Credit Dec. 31 interest expense 3, 700 interest payable 3, 700

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