What is the entry to record September 10th transaction if fiscal year ends Sept 30. Sept 10th the company received cash for a 90 day
What is the entry to record September 10th transaction if fiscal year ends Sept 30.
Sept 10th the company received cash for a 90 day 12 percent $25,000 note payable. Interest is in addition to the face value.
Sept 30th made end of year adjusting entry to accrue interest expense.
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Authors: Jerry J. Weygandt, Paul D. Kimmel, Donald E. Kieso
5th edition
470506954, 471345881, 978-0470506950, 9780471345886, 978-0470477144
