Repaying all amounts outstanding

Reference no: EM13148279

Natalie is thinking of repaying all amounts outstanding to her grandmother. Recall that Cookie Creations borrowed $2,000 on November 16, 2009, from Natalie's grandmother. Interest on the note is 9% per year, and the note plus interest was to be repaid
in 24 months. Recall that a monthly adjusting journal entry was prepared for the months of November 2009 (1/2 month), December 2009, and January 2010.

Reference no: EM13148279

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