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On January 1st, 2021, Penny signs a $3,000 10% 2-year note in exchange for inventory. Assuming she doesnt pay interest at the end of the
On January 1st, 2021, Penny signs a $3,000 10% 2-year note in exchange for inventory. Assuming she doesnt pay interest at the end of the first year but accrues it, make the December 31, 2021 journal entry.
On January 1st, 2021, Penny signs a $3,000 10% 2-year note in exchange for inventory. Assuming she doesnt pay interest at the end of the first year but accrues it, make the December 31, 2021 journal entry.
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
9th Edition
125972266X, 9781259722660
