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please help with the adjusting entry Problem 2 On August 1, Fedex borrowed $48million and issued a seven-month interest-bearing notes with 12% interest rate. All
please help with the adjusting entry
Problem 2 On August 1, Fedex borrowed \$48million and issued a seven-month interest-bearing notes with 12% interest rate. All interest will be payable at maturity. Prepare the journal entry for 1) the issuance of the note; 2) the appropriate adjusting entry for the note at December 31; and 3) the payment day Step by Step Solution
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