Superfamicom8597 Superfamicom8597

02-01-2023
Business

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Uncle joseph's gifts signs a three-month note payable to help finance increases in inventory for the christmas shopping season. the note is signed on november 1 in the amount of $75300 with annual interest of 8%. what is the adjusting entry to be made on december 31 for the interest expense accrued to that date, if no entries have been made previously for the interest

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