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Picture 3 & 4 are the same question just with different inputs on the last 3 blue lines on the left as seen in picture 3. image text in transcribed
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Zirkle Company borrowed $200,000 from Plains Bank on July 31, Year 1. The note carried a 6% interest rate with a one-year term maturity Required: a. Show the effects of borrowing the money and the December 31 , Year 1 adjustment on the accounting equation. b. What is the amount of interest expense for Year 1 ? c. Prepare a statement of cash flows for the Zirkle Company for Year 1. Complete this question by entering your answers in the tabs below. What is the amount of interest expense for Year 1 ? Zirkle Company borrowed $200,000 from Plains Bank on July 31, Year 1 . The note carried a 6% interest rate with a one-year term maturity: Required: 0. Show the effects of borrowing the money and the December 31, Year 1 adjustment on the accounting equation. b. What is the amount of interest expense for Year 1? c. Prepare a statement of cash flows for the Zirkle Company for Year 1. Complete this question by entering your answers in the tabs below. Show the effects of borrowing the money and the December 31 , Year 1 adjustment on the accounting equation. Note: Enter any decresses to account balances with a minus sign. Leave cells blank if no input is needed. Complete this question by entering your answers in the tabs below. Prepare a statement of cash flows for the Zirkle Company for Year 1 . Note: Cash outfiows should be indicated with a minus sign. Prepare a statement of cash flows for the Zirkle Company for Year 1

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