Grouper Limited borrowed $36,000 on November 1, 2020, by signing a $36,000, three-month, 10% note. Assume that

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Grouper Limited borrowed $36,000 on November 1, 2020, by signing a $36,000, three-month, 10% note. Assume that Grouper uses reversing entries.

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Accounting Principles

ISBN: 978-1119419617

IFRS global edition

Authors: Paul D Kimmel, Donald E Kieso Jerry J Weygandt

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Posted Date: Sep 02, 2020 07:15 PM

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Grouper Limited borrowed $36,000 on November 1, 2020, by signing a $36,000, three-month, 10% note. Assume that

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General journal Debit Credit Nov 1 Cash 36000 ... View the full answer

Accounting Principles

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