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Please I need help. M&R Company has a $6,100 bank loan and has incurred (but not recorded) 6% interest expense of $366 for the year
Please I need help.
M&R Company has a $6,100 bank loan and has incurred (but not recorded) 6% interest expense of $366 for the year ended December 31. The company will pay the $366 interest in cash on January 2 following the company's year- end.hr Note: Enter debits before credits. Transaction General Journal Debit Credit Interest payable 5,734Step by Step Solution
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