What entry will be made on december your companys year end
Problem
On June 30, a customer asked your company to convert the $500,000 they owe to a promissory note. The principal and 6% interest will be due in a year. What entry, if any, will be made on December 31, your company's year end?
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The principal and 6% interest will be due in a year. What entry, if any, will be made on December 31, your company's year end?
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