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Question 4 10 points Save Answer HSBC Bank agrees to lend $ 300,000 on October 1, 2020 to ABC company, by signing a note
Question 4 10 points Save Answer HSBC Bank agrees to lend $ 300,000 on October 1, 2020 to ABC company, by signing a note with the amount of $ 300,000, 9% maturing on January 1, 2021. After recording the required entries for ABC company, answer the following questions 1. The credit side of the entry that should be recorded on October 1, 2020 is 2. The amount of interest expense on December 31, 2020 is: 3. The credit side of the entry that should be recorded on December 31, 2020 ss 4 The total amount that should be paid on January 1, 2021 is: | Moving to another question will save this response 3
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