On October 1, Wilshire Company borrowed $60,000 from People's National Bank on a one-year, 7 percent note.
Question:
On October 1, Wilshire Company borrowed $60,000 from People's National Bank on a one-year, 7 percent note.
Required:
What adjusting entry should Wilshire make at December 31?
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Related Book For
Cornerstones of Financial and Managerial Accounting
ISBN: 978-0324787351
1st Edition
Authors: Rich Jones, Mowen, Hansen, Heitger
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