A company received a three month, 6% p.a. 6,200 note receivable on March 1st. Interest...
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Accounting
A company received a three month, 6% p.a. 6,200 note receivable on March 1st. Interest and principal are collected in cash at the end of the 3-month period.
What adjusting entry is required at on March 31st if the company adjusts its books monthly
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