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Make a tabular summary to record the proceeds

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Question - Sunland Company borrows $92,400 on July 1 from the bank by signing a $92,400, 10%, 1-year note payable. Make a tabular summary to record (a) the proceeds of the note and (b) accrued interest at December 31, assuming adjustments are made only at the end of the year.

Reference no: EM132510661

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