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Question 1 Incomplete answer Marked out of 15.00 P Flag question Analyzing and Computing Financial Statement Effects of Interest Leahy Inc. signed a 90-day, 8%
Question 1 Incomplete answer Marked out of 15.00 P Flag question Analyzing and Computing Financial Statement Effects of Interest Leahy Inc. signed a 90-day, 8% note payable for $12,420 on December 16. Use the financial statement effects template to illustrate the year-end December 31 accounting adjustment Leahy must make. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Note: Round your answers to the nearest whole dollar. Balance Sheet Liabilities Cash Asset Noncash Assets Contrib. Capital Earned Capital Revenues Income Statement Expenses 0 - $ Transaction Dec 31 adjustment = Net Income 0 0 = $ 46 0 $ 0 0 $ 0
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