On january 1 harrington inc borrows 63000 from first estate


Question - On January 1, Harrington, Inc. borrows $63,000 from first estate bank. The loan is due in one year along with 4% interest. The company is preparing its quarterly report for March 31. What is the necessary accrual for interest expense?

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Accounting Basics: On january 1 harrington inc borrows 63000 from first estate
Reference No:- TGS02836749

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