On July 1, 2021, David s Deliver was loaned $18,000 for 2 years at 6% per annum,
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Question:
On July 1, 2021, David ́s Deliver was loaned $18,000 for 2 years at 6% per annum, in the form of note payable. Assuming a December 31, 2021 year end and that principal is due at end of agreement
What is the correct adjusting entry to record?
Related Book For
Intermediate Accounting Volume 1
ISBN: 978-1119496496
12th Canadian edition
Authors: Donald E. Kieso, Jerry J. Weygandt, Terry D. Warfield, Irene M. Wiecek, Bruce J. McConomy
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