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The company determines that the interest expense on a note payable for the period ending December 31 is $390. This amount is payable on
The company determines that the interest expense on a note payable for the period ending December 31 is $390. This amount is payable on January 1. Prepare the journal entries required on December 31 and January 1. If an amount box does not require an entry, leave it blank. Dec. 31 Jan. 1
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Date December 31 Debit Interest Expense Ac 390 Credit Interest Payable ...
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Intermediate Accounting
Authors: kieso, weygandt and warfield.
14th Edition
9780470587232, 470587288, 470587237, 978-0470587287
