Rosemont Corporation borrowed some money from a local bank on 12/1. The note payable is not due

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Rosemont Corporation borrowed some money from a local bank on 12/1. The note payable is not due until 3/1 in the next year. Interest expense incurred on the note is $250 at the end of the period. Choose the correct adjusting entry for Rosemont Corporation

Posted Date: May 18, 2024 11:10 PM

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Rosemont Corporation borrowed some money from a local bank on 12/1. The note payable is not due

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