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QUESTION 10 On July, 2015, ABC Company borrowed 20 millon cash for 9 months. The loan was issued at 10% annual interest, the interest is

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QUESTION 10 On July, 2015, ABC Company borrowed 20 millon cash for 9 months. The loan was issued at 10% annual interest, the interest is payable at maturity at March 31, 2015 Requirements 1. Prepare the journal entry for ABC Company at the issuance date. 13 ponts) 2. Prepare the journal entry for ABC Company at Dec 31,2015 C.13 ponts) TTT Arial 3112 T: Path

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