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  3. accrued expenses a. on feb 28, 2023 a loan of $500

Accrued Expenses a. On Feb 28, 2023 a loan of $5000 was contracted from the...

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Accounting

Accrued Expenses a. On Feb 28, 2023 a loan of $5000 was contracted from the bank and the interest rate is 6% yearly. Show the transaction is posted on Feb 28, 2023 and the payment of the interest after 6 months. The loan is due on February 28, 2024. Make the journal of the final payment of the principal and the remaining interest payment

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