Chen Enterprises made the following entry on December 31, 2015. What entry would Hibernia Bank make regarding
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Chen Enterprises made the following entry on December 31, 2015.
What entry would Hibernia Bank make regarding its outstanding loan to Chen Enterprises? Explain why this must be the case.
Transcribed Image Text:
Interest Expense Interest Payable (To record interest expense due on loan from Hibernia Bank) 10,000 10,000
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Related Book For
Intermediate Accounting IFRS Edition
ISBN: 9781118443965
2nd Edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield
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