Which adjusting entries at december
Problem
On December 1, 2021, Old World Deli signed a $300,000, 5%, six-month note payable with the amount borrowed plus accrued interest due six months later on June 1, 2022. Old World Deli should record which adjusting entries at December 31, 2021?
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On December 1, 2021, Old World Deli signed a $300,000, 5%, six-month note payable. Old World Deli should record which adjusting entries at December 31, 2021?
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