On December 1, the company borrowed $10,000,000 at an 8% annual interest rate. The loan, and...
On December 1, the company borrowed $10,000,000 at an 8% annual interest rate. The loan, and all accrued interest, is due in 3 months. Do not journalized the borrowing. This question is an adjusting entry for interest. (3 points).
| W. Brian Voss company pays many employees on an hourly basis. As of December 31 there are 5,320 unpaid labor hours already worked at an average hourly rate of $17. |
| create a journal entry |
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On December 1, the company borrowed $10,000,000 at an 8% annual
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