on october 1 sams painting service borrows 80000


On October 1, Sam's Painting Service borrows $80,000 from National Bank on a 3-month, $80,000, 4% note. Explain what entry must Sam's Painting Service make on December 31 before financial statements are prepared?

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Accounting Basics: on october 1 sams painting service borrows 80000
Reference No:- TGS0483720

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