Question
On Sept 1, 2022 your company borrowed $30,500 as a 5 year 12% Note. One December 31, 2022 you discover the adjusting entry to
On Sept 1, 2022 your company borrowed $30,500 as a 5 year 12% Note. One December 31, 2022 you discover the adjusting entry to accrue the interest expense as not made. What is the correcting entry? JOURNAL POST. DATE DESCRIPTION REF. DEBIT CREDIT Using the same information in #2 you discover that the adjusting entry recorded the accrued interest expense for only $ 230. What is the correcting entry? JOURNAL POST DATE DESCRIPTION REF DEBIT CREDIT Using the information in #2 you discover that the adjusting entry recorded the accrued interest for $ 2,330. What is the correcting entry? JOURNAL POST DATE DESCRIPTION REF DEBIT CREDIT
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Horngrens Financial and Managerial Accounting
Authors: Tracie L. Nobles, Brenda L. Mattison, Ella Mae Matsumura
5th edition
9780133851281, 013385129x, 9780134077321, 133866297, 133851281, 9780133851298, 134077326, 978-0133866292
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