Business, 29.07.2021 04:40 amazinga

A company borrowed $4,000 from the bank at an interest rate of 9%. By the end of the accounting period, the loan had been outstanding for 30 days. Demonstrate the required adjusting entry by choosing the correct statement below. Debit Interest payable for $30.
Credit Unearned revenues for $30.
Credit Interest expense for $30.

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A company borrowed $4,000 from the bank at an interest rate of 9%. By the end of the accounting peri...

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