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Prepare the journal entry to record accrued interest expense

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Question - On November 7, 2011, Stockmann Company borrows $80,000 cash by signing a 90-day, 8% note payable with a face value of $80,000. Prepare the journal entry to record accrued interest expense at December 31, 2011.

Reference no: EM131794421

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Prepare the journal entry to record accrued interest expense : On November 7, 2011, Stockmann Company borrows $80,000 cash, Prepare the journal entry to record accrued interest expense at December 31, 2011
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