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On december 1 2015 a company lends a new employee 20000 to

Question: On December 1, 2015, a company lends a new employee $20,000 to assist with her relocation expenses. The employee signs a 6-month note, with interest of 9%. The company prepares year-end financial statements at December 31. What is the required adjusting entry at December 31 as a result of this note transaction?

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Accounting Basics: On december 1 2015 a company lends a new employee 20000 to

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Accounting Basics: On december 1 2015 a company lends a new employee 20000 to

Reference No:- TGS02536189

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