Question
on June 1, crane company borrows 108,000 from 1st bank on a 6 month,$108,000, 8% note prepare the entry at maturity (Dec 31) assuming monthly
on June 1, crane company borrows 108,000 from 1st bank on a 6 month,$108,000, 8% note
prepare the entry at maturity (Dec 31) assuming monthly adjusting entries have been made thru Nov 30
what was the total financing cost(interest Expense)?
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Financial & Managerial Accounting
Authors: Jan Williams, Sue Haka, Mark Bettner, Joseph Carcello
15th Edition
0073526991, 9780073526997
