West County Bank agrees to lend Drake Builders Company $400000 on January 1. Drake Builders Company signs
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West County Bank agrees to lend Drake Builders Company $400000 on January 1. Drake Builders Company signs a $400000, 6%, 6-month note. What is the adjusting entry required if Drake Builders Company prepares financial statements on March 30?
Related Book For
Financial Reporting and Analysis
ISBN: 978-0078025679
6th edition
Authors: Flawrence Revsine, Daniel Collins, Bruce, Mittelstaedt, Leon
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