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Prepare any adjusting entries needed at year-end

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On July 1, 2016, Jo's Flower Shop borrowed $42,000 from the bank. Jo signed a ten-month, 8% promissory note for the entire amount. Jo's uses a calendar year-end.

Problem 1: Prepare any adjusting entries needed at year-end. Use months in calculation. Do not round intermediate calculations

Reference no: EM132833777

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