SOLUTION: Prepare the necessary journal entries for the following transactions:
a) On September 1, blank Company borrowed $150,000 from National Bank on a 6-month, 8% note.
(b) On December
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Question 735177: Prepare the necessary journal entries for the following transactions:
a) On September 1, blank Company borrowed $150,000 from National Bank on a 6-month, 8% note.
(b) On December 31, Lore Company accrued interest (assume adjusting entries are only made at the end of the year).
Answer by lynnlo(4176) (Show Source): You can put this solution on YOUR website!
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