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On May 1, 2024, Mama's Pizza Shoppe borrowed $7,800 from a local bank and signed a note payable. The note requires repayment of principal and
On May 1, 2024, Mama's Pizza Shoppe borrowed $7,800 from a local bank and signed a note payable. The note requires repayment of principal and 9% interest on October 31,2025 . The company's fiscal year ends June 30 , 2024. What adjusting entry is necessary on June 30,2024 ? Multiple Choice No adjusting entry is necessary Step by Step Solution
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Accounting For Beginners
Authors: Neel Gaines
1st Edition
1801120897, 978-1801120890
