Journalize the companys payment of the note plus interest

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Question: On December 31, 2020, Wright Enterprises purchased $7,800 of merchandise inventory on a one-year 11% note payable. Journalize the company's purchase of merchandise inventory on December 31, 2020. Journalize the company's accrual of interest expense on June 30, 2021, its fiscal year-end. Journalize the company's payment of the note plus interest on December 31, 2021

Reference no: EM133610069

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