At the end of the year, the following interest is earned, but not yet received. Record the
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At the end of the year, the following interest is earned, but not yet received. Record the adjusting entry in a general journal.
Interest on $6,000, 60-day, 11% note (for 24 days) . $44.00
Interest on $9,000, 90-day, 12% note (for 12 days) . 36.00
.........................................................................................$80.00
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