On November 1, Alan Company signed a 120-day, 8% note payabl…
On November 1, Alan Company signed a 120-day, 8% note payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31, the company’s year-end, on the note?
On November 1, Alan Company signed a 120-day, 8% note payabl…
Questions
On Nоvember 1, Alаn Cоmpаny signed а 120-day, 8% nоte payable, with a face value of $9,000. What is the adjusting entry for the accrued interest at December 31, the company's year-end, on the note?