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What is the adjusting entry required

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Question - Cutes National Bank agrees to lend Sunny Screen Company $80,000 on January 1. Sunny Screen Company signs an $80,000, 9-month, 5% note. What is the adjusting entry required if Sunny Screen Company prepares financial statements on June 30?

Reference no: EM132726937

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What is the adjusting entry required : Sunny Screen Company signs an $80,000, 9-month, 5% note. What is the adjusting entry required if Sunny Screen Company prepares financial statements on June 30
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