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On October 1, Ajax Delivery Services signed a 3-month note for $60,000 at 7% interest. If the balance of interest expense in the trial
On October 1, Ajax Delivery Services signed a 3-month note for $60,000 at 7% interest. If the balance of interest expense in the trial balance column was $800, what were the balances of interest expense in the adjusted trial balance and income statement columns of the worksheet on December 31 assuming no previous adjustments for this note were made?
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Fundamental Accounting Principles
Authors: John Wild, Ken Shaw, Barbara Chiappett
23rd edition
1259536351, 978-1259536359
