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March 6: A long-term note for $60,000 was taken out from the bank. The loan is for two years with an interest rate of 6%
March 6: A long-term note for $60,000 was taken out from the bank. The loan is for two years with an interest rate of 6% repayable at maturity.
30-Jun Interest Expense Interest Payable
June 30: Book the interest for the first half of the year on the loan you took out on March 6.
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Cloud Computing Data Auditing Algorithm
Authors: Manjur Kolhar, Abdalla Alameen, Bhawna Dhupia, Sadia Rubab, Mujthaba Gulam
1st Edition
