Jamie Smith negotiated a bank loan for $33,000 for 90 days at a bank rate of 14%.

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Jamie Smith negotiated a bank loan for $33,000 for 90 days at a bank rate of 14%. Assuming the interest is deducted in advance prepare the entry for Jamie to record the bank loan.

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College Accounting A Practical Approach

ISBN: 978-0133133233

12th edition

Authors: Jeffrey Slater

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Question Posted: Apr 24, 2014 10:24 AM

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Jamie Smith negotiated a bank loan for $33,000 for 90 days at a bank rate of 14%.

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College Accounting A Practical Approach

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