Question
Your company holds a $50,000, 8% note receivable, interest payable on each June 30. When your company's fiscal year ends on August 31, 2005, you
Your company holds a $50,000, 8% note receivable, interest payable on each June 30. When your company's fiscal year ends on August 31, 2005, you have received no interest payment since June 30, 2005. What adjusting journal entry do you make?
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Cost Management Measuring Monitoring And Motivating Performance
Authors: Leslie G. Eldenburg, Susan Wolcott
1st Edition
0471205494, 978-0471205494
