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On October 1, Consumers Inc. accepted an 8%, 6 month note payable from Buddys Gaming Company for $20,000 to cover an overdue account. What adjusting
On October 1, Consumers Inc. accepted an 8%, 6 month note payable from Buddys Gaming Company for $20,000 to cover an overdue account. What adjusting journal entry is required of Consumers Inc. to record interest owing to them on December 31
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