MWP borrowed the $60,000 on October 1, 2022. MWP must make annual interest payments each September 30
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MWP borrowed the $60,000 on October 1, 2022. MWP must make annual interest payments each September 30 and pay the full note on September 30, 2025. The interest rate on the note is 6%. Can you show me how to do the journal and end of year (Dec 31st) Trial balance? It uses Interest Payable and Interest Expense accounts.
Related Book For
Income Tax Fundamentals 2013
ISBN: 9781285586618
31st Edition
Authors: Gerald E. Whittenburg, Martha Altus Buller, Steven L Gill
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