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Business, 17.07.2019 07:00 jaidajordan34

On september 1, kennedy company loaned $100,000, at 12% annual interest, to a customer. interest and principal will be collected when the loan matures one year from the issue date. assuming adjustments are only made at year-end, what is the adjusting entry for accruing interest that kennedy would need to make on december 31, the calendar year-end?

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On september 1, kennedy company loaned $100,000, at 12% annual interest, to a customer. interest and...
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