interest on notes payable balance is 1 percent per month. the adjusting entry to record...
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Accounting
interest on notes payable balance is 1 percent per month. the adjusting entry to record interest expence for january 2019 and the liability for interest payable is $10. Add account number 21000, interest payable, as an other current liability account.
I am not sure how to enter this as an adjusting journal entry. Please help!
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