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Business, 21.02.2020 17:53 beccaxhope

A company is in its first month of operations. On January 1, the company borrows $10,000 from the bank. The bank charges annual interest of 12% on the borrowed amount. Interest is due at the end of the year. What adjusting entry would be made at the end of January?

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A company is in its first month of operations. On January 1, the company borrows $10,000 from the ba...
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