On november 7 2011 stockmann company borrows 80000 cash


Question - On November 7, 2011, Stockmann Company borrows $80,000 cash by signing a 90-day, 8% note payable with a face value of $80,000. Prepare the journal entry to record accrued interest expense at December 31, 2011.

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Accounting Basics: On november 7 2011 stockmann company borrows 80000 cash
Reference No:- TGS02589932

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