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What adjusting journal entry is needed to accure revenue

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On August 31st 2019, Jenkins inc lends 93,000 to Ulloa co. for 7 months. The note receivable is established with a 6% annual interest rate and the terms of the note states the principal and interest will be due and paid on april 1 2020. What adjusting journal entry is needed to accure revenue earned for 2019 before Jenkins co prepares financial statements on December 31, 2019?

Reference no: EM132410240

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