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Business, 03.03.2020 22:45 nauticatyson9

Revenues have what effect on the accounting equation? Allen Inc. took out a one-year, 8%, $100,000 loan on March 31, 2021. Interest is due upon maturity of the loan. What adjusting entry, if any, should Allen Inc. record on December 31, 2021? Issuing common stock for $5,000 cash is recorded as:

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