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Business, 24.12.2019 18:31 mprjug6

Metlock, inc. borrowed $56000 from the bank signing a 6%, 3-month note on september 1. principal and interest are payable to the bank on december 1. if the company prepares monthly financial statements, the adjusting entry that the company should make for interest on september 30, would be:

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Metlock, inc. borrowed $56000 from the bank signing a 6%, 3-month note on september 1. principal and...

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