Question
Thomas Company borrowed $32,200 on March 1, 2021. Thomas signed a 2-year, 5% interest-bearing note. What is the adjustment amount to accrue interest on December
Thomas Company borrowed $32,200 on March 1, 2021. Thomas signed a 2-year, 5% interest-bearing note. What is the adjustment amount to accrue interest on December 31, 2022 (do NOT accrue interest on the unpaid interest from 2021)?
A $268.
B $3,220.
C $1,610.
D $966.
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Auditing Teams Dynamics And Efficiency
Authors: Mara Cameran, Angelo Ditillo, Angela Pettinicchio
1st Edition
1032097000, 9781032097008
