Frank makes a 25000 90-day 7 cash loan to clayborn co what


Question - Frank makes a $25,000, 90-day, 7% cash loan to Clayborn Co.

(1) Prepare the journal entry to record this transaction.

(2) What is the amount of interest that Frank will collect on the loan?

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Accounting Basics: Frank makes a 25000 90-day 7 cash loan to clayborn co what
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