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The accrual of interest at Nakhooda's year end, December 31, 2018 and 2019, assuming adjusting entries are recorded annually and interest is due at maturity.
The accrual of interest at Nakhooda's year end, December 31, 2018 and 2019, assuming adjusting entries are recorded annually and interest is due at maturity. (Credit account titles are automatically indented when the amount is entered. Do not indent manually. If no entry is required select "No Entry" for the account titles and enter O for the amounts.) Credit Debit Account Titles and Explanation Date Dec. 31, 2018 Dec. 31, 2019 khooda Limited received an 18-month loan for $47,800 from a bank at 6% and with these funds and another $17,500 cash. On July 1, 2018,Na purchased a vehicle for $65,300. Prepare the journal entries to record each of the following on Nakhooda's books
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