Question
On 10-01-18, S borrowed $4,000,000 at 3%. S made interest payments on 01-01-19 and 04-01-19. On 04-01-19, S paid back the principle. S only prepares
On 10-01-18, S borrowed $4,000,000 at 3%. S made interest payments on 01-01-19 and 04-01-19. On 04-01-19, S paid back the principle. S only prepares AJEs every 12-31. Prepare the entries S made on:
a. 10-01-18
b. 12-31-18
c. 01-01-19
d. 04-01-19
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Auditing And Assurance Services
Authors: Timothy J Louwers, Robert J. Ramsay, David Sinason, Jerry R Strawser
1st Edition
0072954442, 9780072954449
