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Accrual entry
08-19-2011, 11:41 AM
Post: #1
Accrual entry
Hey, please help me with adjustment for this transaction for the period ended December 31, 2011. - Interest of 18% per annum of the 60,000 bank loan granted on December 11, 2011 has accrued. What should be the adjusting entry for the interest accrued and the amount? [?]
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