Question
On November 1, 2018 Daniels Inc. borrowed $200,000 under a 6% promissory note that was due on April 30, 2019. Record to journal entries to
On November 1, 2018 Daniels Inc. borrowed $200,000 under a 6% promissory note that was due on April 30, 2019. Record to journal entries to accrue interest on this note as of December 31, 2018, and to pay it off on April 30, 2019.
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Intermediate Accounting
Authors: J. David Spiceland, James Sepe, Mark Nelson, Wayne Thomas
9th Edition
125972266X, 9781259722660
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