Question
on august 31, 2021, shocker borrows 53,000 from a local bank. A note is signed with principal and 6% interest to be paid on August
on august 31, 2021, shocker borrows 53,000 from a local bank. A note is signed with principal and 6% interest to be paid on August 31, 2022. Record the adjusting entry for interest for Shocker at its year - end of December 31.
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Foundations of Financial Management
Authors: Stanley Block, Geoffrey Hirt, Bartley Danielsen
15th edition
77861612, 1259194078, 978-0077861612, 978-1259194078
