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will someone show me how to get to the highlighted answer? West County Bank agrees to lend Drake Bui Drake Builders Company signs a $200,000,
will someone show me how to get to the highlighted answer?
West County Bank agrees to lend Drake Bui Drake Builders Company signs a $200,000, 6%, 6-month note. What is the adjusting entry required if Drake Builders Company prepares financial statements on March lders Company $200,000 on January 1. 31? a. Interest Expenses b. Interest Expense.., Interest Payable. Cash. Interest Payable .. 6,000 6,000 3,000 3,000 6,000 6,000 3,000 3,000 c. Interest Expense d. Interest PayableStep by Step Solution
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