What adjusting entry should starr make on december 31


Starr Corporation loaned $90,000 to another corporation on December 1, 2010 and received a 3-month, 8% interest-bearing note with a face value of $90,000. What adjusting entry should Starr make on December 31, 2010?

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Accounting Basics: What adjusting entry should starr make on december 31
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