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On November 1, 2023, Bentley Company signed a 3-month note for $10,000 . The interest rate on the note is 6%, and the interest is
| On November 1, 2023, Bentley Company signed a 3-month note for $10,000 . The interest rate on the note is 6%, and the interest |
| is payable when the note is due on January 31, 2024. |
| What adjusting entry will Bentley make for this note on December 31, 2023? |
| What journal entry will Bentley make on January 31, 2024, when the note comes due? |
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Accounting Principles Volume 1
Authors: Jerry J. Weygandt, Donald E. Kieso, Paul D. Kimmel, Barbara Trenholm, Valerie Warren, Lori Novak
9th Canadian Edition
978-1119786818, 1119786819
