Business, 03.12.2021 02:40 raedusty3200
Gracie Company borrows $88,800 on July 1 from the bank by signing a $88,800, 9%, 1-year note payable. Prepare the journal entry to record the accrued interest at December 31, assuming adjusting entries are made only at the end of the year.
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Gracie Company borrows $88,800 on July 1 from the bank by signing a $88,800, 9%, 1-year note payable...
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