At the end of the year, the following interest is payable, but not yet paid. Record the

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At the end of the year, the following interest is payable, but not yet paid. Record the adjusting entry in the general journal.

Interest on $5,000, 60-day, 9% note (for 12 days) ..... $15.00

Interest on $2,500, 30-day, 12% note (for 9 days) ...... 7.50

$22.50

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College Accounting

ISBN: 978-0538745192

20th Edition

Authors: Heintz and Parry

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Question Posted: Dec 21, 2011 10:16 AM

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At the end of the year, the following interest is payable, but not yet paid. Record the

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