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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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