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XYZ Co. borrows $50,000 for one year at 5% on September 1. What accrual entry should be made at December 31? And when the debt
XYZ Co. borrows $50,000 for one year at 5% on September 1. What accrual entry should be made at December 31?
And when the debt is paid in full on the following August 31, what entry should be made?
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Construction Accounting And Financial Management
Authors: Steven J. Peterson
1st Edition
0131109391, 978-0131109391
