John Short negotiated a bank loan for $21,000 for 180 days at a bank rate of 10%.

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John Short negotiated a bank loan for $21,000 for 180 days at a bank rate of 10%. Assuming the interest is deducted in advance, prepare the entry for John to record the bank loan.

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College Accounting A Practical Approach

ISBN: 9780134729312

14th Edition

Authors: Jeffrey Slater, Mike Deschamps

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Question Posted: Feb 28, 2020 12:26 PM

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John Short negotiated a bank loan for $21,000 for 180 days at a bank rate of 10%.

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College Accounting A Practical Approach

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