Question
On Spetember 1, 2013, the company loaned $60,000 to an outside party. The loan was at 10 percent per annum and was due in six
On Spetember 1, 2013, the company loaned $60,000 to an outside party. The loan was at 10 percent per annum and was due in six months; interest is payable at maturity.
What is the journal entry? I need to adjust the accounts for December 31, 2013.
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Audit And Business Performance
Authors: BELAMKADDAM HAMZA
1st Edition
6205444062, 978-6205444061
