Question
On January 30, 2021, Titan Techniques gave Matzushibi Motors a 90-day, 8%, $ 80,000 note payable to extend a past due account payable. Titan has
On January 30, 2021, Titan Techniques gave Matzushibi Motors a 90-day, 8%, $ 80,000 note payable to extend a past due account payable. Titan has a March 31 year end.
Required:
Prepare the year-end adjusting entry to accrue interest and record payment of the note on April 30, 2021.
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Principles Of Financial Accounting (Chapters 1-17)
Authors: John Wild
24th Edition
1260158608, 9781260158601
