Question
On November 1st Alan signed a 120-day 10% note payable with a face value of $10,000. What is the adjusting entry for the accrued interest
On November 1st Alan signed a 120-day 10% note payable with a face value of $10,000. What is the adjusting entry for the accrued interest on December 31st on the note?
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Business Accounting An Introduction To Financial And Management Accounting
Authors: Jill Collis, Roger Hussey, Andrew Holt, Holt Collis, J. Collis
2nd Edition
0230276237, 978-0230276239
