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on July 1, 2023, the company borrowed $ 4 million from a bank (or another company) The note requires principal and interest at 15% to
on July 1, 2023, the company borrowed $ 4 million from a bank (or another company) The note requires principal and interest at 15% to be paid on March 31, 2023. How much is the interest expense you will pay at the end of 2023? Can you please show me the journal entry at December 31, 2023? and at December 31, 2024 (assuming no other interest expenses occur)?
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Financial Reporting Financial Statement Analysis And Valuation A Strategic Perspective
Authors: James M. Wahlen, Stephen P. Baginski, Mark Bradshaw
9th Edition
1337614689, 1337614688, 9781337668262, 978-1337614689
