Find the original journal entry and adjusting entry


ABc, Inc. has a 6-month, $10,000 note receivable bearing 12% APR interest. The note received on November 1 and the company's year-end is December 31. What is the original journal entry and what is the adjusting entry for Decemeber 31?

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Accounting Basics: Find the original journal entry and adjusting entry
Reference No:- TGS0554692

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