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Make adjusting entries for year ended december

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Problem 1: Adjusting Entries, for year ended December 31, 2020. Notes Payable $20,000. The notes payable full amount is March 1, 2022 and it has an interest rate of 4%. The company pays interest on this note payable quarterly on June 1, Sep 1, Dec 1, and March 1.

Reference no: EM132956280

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