Question
On January 1, 2011, Mush Co. took out a 3-year loan from a bank for $900 in principal (amortizing debt). Mush Co. must make payments
On January 1, 2011, Mush Co. took out a 3-year loan from a bank for $900 in principal (amortizing debt). Mush Co. must make payments semi-annually (two times per year). The stated interest rate on the loan equaled the market interest rate. The following information is from the loan's amortization table:
Which three of the following lines comprised the journal entry for thesecondpayment?
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Intermediate Accounting
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield.
9th Canadian Edition, Volume 2
470964731, 978-0470964736, 978-0470161012
