Mama's Pizza Shoppe borrowed $8,200 at 12% interest on May 1, 2011, with principal and interest due

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Mama's Pizza Shoppe borrowed $8,200 at 12% interest on May 1, 2011, with principal and interest due on October 31, 2012. The company's fiscal year ends June 30, 2011. What adjusting entry would the company record on June 30, 2011?

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Financial accounting

ISBN: 978-1118285909

IFRS Edition

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

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Posted Date: Apr 03, 2020 03:17 AM

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Mama's Pizza Shoppe borrowed $8,200 at 12% interest on May 1, 2011, with principal and interest due

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Financial accounting

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