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On October 1, 2018, Coronado Company issued a $100000,9%, nine-month interest-bearing note. If the Coronado Company is preparing financial statements at December 31, 2018, the
On October 1, 2018, Coronado Company issued a $100000,9%, nine-month interest-bearing note. If the Coronado Company is preparing financial statements at December 31, 2018, the adjusting entry for accrued interest will include a: debit to Interest Expense of $3375. debit to Interest Expense of $2250. credit to Notes Payable of $2250. credit to interest Payable of $4500
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