Ask Question
2 November, 05:39

On november 1, alan company signed a 120-day, 8% note payable, with a face value of $9,000. what is the adjusting entry for the accrued interest at december 31 on the note?

+4
Answers (1)
  1. 2 November, 06:26
    0
    12,600 x 0,08 X 120/360 = $336

    12,600 + 336 = $12936
Know the Answer?
Not Sure About the Answer?
Find an answer to your question ✅ “On november 1, alan company signed a 120-day, 8% note payable, with a face value of $9,000. what is the adjusting entry for the accrued ...” in 📘 Business if you're in doubt about the correctness of the answers or there's no answer, then try to use the smart search and find answers to the similar questions.
Search for Other Answers