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On October 1,2024 , Hurricane lent $7,200 to another company. The other company signed a note indicating principal and 8% interest will be paid to
On October 1,2024 , Hurricane lent
$7,200
to another company. The other company signed a note indicating principal and
8%
interest will be paid to Hurricane on September 30, 2025. Record the adjusting entry for interest at its year-end of December 31.\ Note: Enter debits before credits.
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