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  3. on march 1, company y took loan of $10,000 for 9mo

On March 1, Company Y took loan of $10,000 for 9months term with interest accruing...

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Accounting

On March 1, Company Y took loan of $10,000 for 9months term with interest accruing at 5%. Full loan amount plus the interest will be paid at maturity. Prepare the adjusting entry for June 30

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