Question: Prepare Adjusing Entry just prepare an individual journal entry 01/02 Company negotiated a $20,000 operating line with BNS. Interest will be charged at 4% per

Prepare Adjusing Entry Prepare Adjusing Entry just prepare an individual journal entry 01/02 Company
negotiated a $20,000 operating line with BNS. Interest will be charged at
just prepare an individual journal entry

01/02 Company negotiated a $20,000 operating line with BNS. Interest will be charged at 4% per annum and the loan covenants limit the amount of the operating line to 60% of good receivables (accounts less than 60 days old). No money is advanced at this time. b. Accrue operating loan interest

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