What is the journal entry to record the sale


On Spetember 1, 2013, the company loaned $60,000 to an outside party. The loan was at 10 percent per annum and was due in six months; interest is payable at maturity.What is the journal entry? I need to adjust the accounts for December 31, 2013.

Request for Solution File

Ask an Expert for Answer!!
Accounting Basics: What is the journal entry to record the sale
Reference No:- TGS0692442

Expected delivery within 24 Hours