Prepared an adjusting entry to record the accrued interest


Dec. 13 Accepted a $7,000, 60-day, 10% note dated December 13 in granting Allie Sumera a time extension on her past-due account receivable. Prepared an adjusting entry to record the accrued interest on the Sumera note.

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Accounting Basics: Prepared an adjusting entry to record the accrued interest
Reference No:- TGS081689

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