Why is it necessary to make an adjusting entry at the end of the accounting period for

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Why is it necessary to make an adjusting entry at the end of the accounting period for unpaid interest on a note payable?

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Fundamental financial accounting concepts

ISBN: 978-0078025365

8th edition

Authors: Thomas P. Edmonds, Frances M. Mcnair, Philip R. Olds, Edward

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Question Posted: Jan 09, 2014 09:30 AM

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Why is it necessary to make an adjusting entry at the end of the accounting period for

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An adjusting entry for accrued but unpaid interest is ne...View the full answer

Fundamental financial accounting concepts

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