Question
Wisconsin Bank lends Local Furniture Company $100,000 on November 1. Local Furniture Company signs a $100,000, 33%, 4month note. The fiscal year end of Local
Wisconsin Bank lends Local Furniture Company
$100,000
on November 1. Local Furniture Company signs a
$100,000,
33%,
4month
note. The fiscal year end of Local Furniture Company is December 31. The journal entry made by Local Furniture Company on December 31 is:
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Financial Accounting For MBAs
Authors: Peter D. Easton, John J. Wild, Robert F. Halsey, Mary Lea McAnally
3rd Edition
0978727932, 978-0978727932
