Business, 14.06.2021 22:50 aliami0306oyaj0n
On May 1, the Chris Company borrowed $30,000 from the Third Street Bank on a 1-year, 6% note. If the company keeps its records on a calendar year, an adjustment is needed on December 31 to increase:.
a. Interest Payable, $900.
b. Interest Expense, $1,800.
c. Interest Payable, $1,200.
d. Interest Expense, $600.
Answers: 3
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On May 1, the Chris Company borrowed $30,000 from the Third Street Bank on a 1-year, 6% note. If the...
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