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On August 1, the company borrowed $12,000 from a local bank on a 5 year-note. The annual interest rate is $10%. Interest is paid annually.
On August 1, the company borrowed $12,000 from a local bank on a 5 year-note. The annual interest rate is $10%. Interest is paid annually. what is the account title? what is the account debit or credit?
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Financial Accounting in an Economic Context
Authors: Jamie Pratt
8th Edition
9781118139424, 9781118139431, 470635290, 1118139429, 1118139437, 978-0470635292
