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Show an example of an accrual that was purchased on August 1, 2021. The company has a December 31 year end. Take into account months
Show an example of an accrual that was purchased on August 1, 2021. The company has a December 31 year end. Take into account months as well do not use days in calculation and make the entry for collecting cash from the customer a Dr to Cash and Cr Interest Receivable.
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