Question
Nov 1 Dazzle took out installment loan. Below is a partial amortization table: Date Payment Interest Principal Balance 11/1/20 40,000.00 12/1/20 729.46 120.00 609.46 39,390.54
Nov 1 Dazzle took out installment loan. Below is a partial amortization table: Date Payment Interest Principal Balance 11/1/20 40,000.00 12/1/20 729.46 120.00 609.46 39,390.54 1/1/21 729.46 118.17 611.29 38,779.25 2/1/21 729.46 116.34 613.12 38,166.13 Give the December 31 entry for accrued interest.
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Horngrens Cost Accounting A Managerial Emphasis
Authors: Srikant Datar, Madhav Rajan
17th Global Edition
129236307X, 9781292363073
