Rattata Ltd entered into a loan of $10,000 on 1 February 2021and was being charged interest at

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Rattata Ltd entered into a loan of $10,000 on 1 February 2021and was being charged interest at 6% simple per annum.

Prepare any required general journal adjusting entry for the financial year assuming no payment of interest has been made.

[3 marks]

Date	Account Name	Debit ($)	Credit ($)

Related Book For answer-question

Financial Management Principles and Applications

ISBN: 978-0134417219

13th edition

Authors: Sheridan Titman, Arthur J. Keown, John H. Martin

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Posted Date: Apr 27, 2022 08:00 AM

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Rattata Ltd entered into a loan of $10,000 on 1 February 2021and was being charged interest at

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Financial Management Principles and Applications

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