Mathematics, 07.12.2020 17:00 taylorrsmithh

On December 15, 2018, Carboy, Inc., borrows $120,000 cash from Third National Bank at 9 percent annual interest. The note is due in 45 days. At December 31, 2018, Carboy records any unpaid interest with an adjusting entry. On January 30, 2019, Carboy pays the principal and interest owed on the bank note.

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On December 15, 2018, Carboy, Inc., borrows $120,000 cash from Third National Bank at 9 percent annu...

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