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amyna
 one year ago
Accounting Question: i don't know the math part!!
Tangent Company borrowed $100,000 from the bank signing an 8%, 6month note on September 1. Principal and interest are payable to the bank on March 1. If the company prepares monthly financial statements, the adjusting entry that the company should make for interest on November 30, would be:
the answer is $667
amyna
 one year ago
Accounting Question: i don't know the math part!! Tangent Company borrowed $100,000 from the bank signing an 8%, 6month note on September 1. Principal and interest are payable to the bank on March 1. If the company prepares monthly financial statements, the adjusting entry that the company should make for interest on November 30, would be: the answer is $667

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amyna
 one year ago
Best ResponseYou've already chosen the best response.0i know first to do: 100,000 *.08 = $8000 then i don't know what to do after that
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