Question
On September 1, Sky Mountain Co. borrowed $66,000 on a 6%, 9 month note payable to Coast National Bank. Interest will be paid on the
On September 1, Sky Mountain Co. borrowed $66,000 on a 6%, 9 month note payable to Coast National Bank. Interest will be paid on the due date. Given no previous adjusting entries have been recorded, Sky Mountains adjusting entry four months later at December 31 would include a:
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Accounting Tools For Business Decision Making
Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso
4th Edition
0470534788, 978-0470534786
