Question
On October 1, 2021, Grasshopper lent $65,000 to another company. A note was signed with principal and 8% interest to be paid on September 30,
On October 1, 2021, Grasshopper lent $65,000 to another company. A note was signed with principal and 8% interest to be paid on September 30, 2022. Record the adjusting entry for interest at its year-end of December 31.
Date general ledger Debit Credit
DEC 31 Interest recievable
?
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Auditing Outsourced Functions Risk Management In An Outsourced World
Authors: Mark Salamasick
1st Edition
0894137255, 9780894137259
