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Write the adjusting journal entry required

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Question - The company issued a 6 month, 12% interest note short-term note for the amount listed on the unadjusted trial balance on Oct. 1, 2017. All interest and principal will he paid back at the end of the 6 months. Write the adjusting journal entry required for its financial statements as of Dec. 31, 2017.

What number is being used from the adjusted balance sheet and how do you find the interest revenue with that.

Reference no: EM132565944

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