Craneel borrowed $ 5000 on Feb 24, 2022 and repaid $ 2080 ON MAY 10, 2012 and

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Craneel borrowed $ 5000 on Feb 24, 2022 and repaid $ 2080 ON MAY 10, 2012 and also $ 2008 on Sept 1, 2022 at a simple interact rate of 5.72 pa. what was the balance on Dec 31, 2022

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Intermediate Accounting Reporting and Analysis

ISBN: 978-1285453828

2nd edition

Authors: James M. Wahlen, Jefferson P. Jones, Donald Pagach

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Posted Date: May 06, 2024 05:59 AM

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Craneel borrowed $ 5000 on Feb 24, 2022 and repaid $ 2080 ON MAY 10, 2012 and

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To find the balance on December 31 2022 we need to calculate the interest accrued ... View the full answer

Intermediate Accounting Reporting and Analysis

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