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On October 1, Tamarisk's Accounting Service borrows $73000 from National Bank on a $73000, 3-month, 6% note. What entry must Tamarisk's Accounting Service make on
On October 1, Tamarisk's Accounting Service borrows $73000 from National Bank on a $73000, 3-month, 6% note. What entry must Tamarisk's Accounting Service make on December 31 before financial statements are prepared?
Interest Payable | 1095 | ||
Interest Expense | 1095 |
Interest Expense | 4380 | ||
Interest Payable | 4380 |
Interest Expense | 1095 | ||
Interest Payable | 1095 |
Interest Expense | 1095 | ||
Notes Payable | 1095 |
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