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On January 1, Ann Smith went to Countybank and borrowed $5,000 for 180 days at10 % interest. Record: 1) Journal Entries by the bank and
On January 1, Ann Smith went to Countybank and borrowed $5,000 for 180 days at10 % interest. Record: 1) Journal Entries by the bank and Ann for borrowing the money. 2) Journal Entries on July 1 for payment of the interest by Ann and receipt of the interest by the bank. 3) Journal Entries on July 1 to repay the note by Ann and receive repayment by the bank
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Management Accounting A Decision Emphasis
Authors: Don T. DeCoster, Eldon L. Schafer, Mary T. Ziebell
4th Edition
0471637130, 978-0471637134
