At the end of the year, the following interest is payable, but not yet paid. Record the adjusting entry in the general journal.
Interest on $8,000, 90-day, 8% note (for 18 days) .. $32.00
Interest on $4,500, 60-day, 10% note (for 7 days) .... 8.75
This question was answered on: Jul 11, 2017
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