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Rodgers Company lends Lanier Company $ 4 0 , 0 0 0 on April 1 , accepting a four - month, 6 % interest note.

Rodgers Company lends Lanier Company $

40, 000

on April

1,

accepting a four

-

month,

6 %

interest note. Rodgers Company prepares financial statements on April

30 .

What adjusting entry should be made before the financial statements can be prepared?

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