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Thank you, I am really stumped. Ciao Incorporated borrowed $20,000 from the bank and received a 6%, 90-day note payable on November 1. On December
Thank you, I am really stumped.
Ciao Incorporated borrowed $20,000 from the bank and received a 6%, 90-day note payable on November 1. On December 31st, the adjusting journal entry for this note includes: Credit Notes Payable for $200. Debit Interest Expense for $300. Credit Interest Payable for $200. Credit Cash for $300Step by Step Solution
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