Mamas pizza shoppe borrowed 8200 at 12 interest on may 1

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Mama's Pizza Shoppe borrowed $8,200 at 12% interest on May 1, 2011, with principal and interest due on October 31, 2012. The company's fiscal year ends June 30, 2011. What adjusting entry would the company record on June 30, 2011?

Reference no: EM13600819

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