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On September 1, Hauser Corp

Question 32

Multiple Choice

On September 1, Hauser Corp. borrowed $70,000 from the Metro Bank for five months at 9%. Interest is payable at maturity. The entry Hauser must make on December 31, its year-end, assuming no prior accruals is:


A) On September 1, Hauser Corp. borrowed $70,000 from the Metro Bank for five months at 9%. Interest is payable at maturity. The entry Hauser must make on December 31, its year-end, assuming no prior accruals is: A) B) C) D)
B)
On September 1, Hauser Corp. borrowed $70,000 from the Metro Bank for five months at 9%. Interest is payable at maturity. The entry Hauser must make on December 31, its year-end, assuming no prior accruals is: A) B) C) D)
C) On September 1, Hauser Corp. borrowed $70,000 from the Metro Bank for five months at 9%. Interest is payable at maturity. The entry Hauser must make on December 31, its year-end, assuming no prior accruals is: A) B) C) D)
D)
On September 1, Hauser Corp. borrowed $70,000 from the Metro Bank for five months at 9%. Interest is payable at maturity. The entry Hauser must make on December 31, its year-end, assuming no prior accruals is: A) B) C) D)

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