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On October 17, Wright Company issued the following note to the Greenwolf Bank. S174,600 7% 150 Days Principal Rate Term Required: Journalize the adjusting entry
On October 17, Wright Company issued the following note to the Greenwolf Bank. S174,600 7% 150 Days Principal Rate Term Required: Journalize the adjusting entry on December 31 in Wright Company's books, to record the accrued interest payable on the note Note: To simplify the arithmetic, use 360 days in a year. Debit Credit Date Account Title Dec. 31
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