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  • one year ago

Accounting Question: i don't know the math part!! Tangent Company borrowed $100,000 from the bank signing an 8%, 6-month 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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  1. amyna
    • one year ago
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    i know first to do: 100,000 *.08 = $8000 then i don't know what to do after that

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