The following unadjusted accounts are taken from the records of B Corp. at December 31, 2016: Additional
Question:
Additional Information: Interest expense for the year should be $1,200.
Required: Prepare the adjusting entry at December 31, 2016.
Transcribed Image Text:
201 12,000 Bank Loan Interest Expense 1,100 Interest Payable 222 100 632
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Related Book For
Accounting Introduction To Financial Accounting
ISBN: 9781517089719
1st Edition
Authors: Henry Dauderis, David Annand
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