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On 1 October, Simon's Solar Service Borrows $150,000 from Statewide

Question 10

Multiple Choice

On 1 October, Simon's Solar Service borrows $150,000 from Statewide Bank on a 3 month, 4% note.
-What accrual entry must Simon's Solar Service make on 31 December before financial statements are prepared?


A) On 1 October, Simon's Solar Service borrows $150,000 from Statewide Bank on a 3 month, 4% note. -What accrual entry must Simon's Solar Service make on 31 December before financial statements are prepared? A) B) C) D)
B) On 1 October, Simon's Solar Service borrows $150,000 from Statewide Bank on a 3 month, 4% note. -What accrual entry must Simon's Solar Service make on 31 December before financial statements are prepared? A) B) C) D)
C) On 1 October, Simon's Solar Service borrows $150,000 from Statewide Bank on a 3 month, 4% note. -What accrual entry must Simon's Solar Service make on 31 December before financial statements are prepared? A) B) C) D)
D) On 1 October, Simon's Solar Service borrows $150,000 from Statewide Bank on a 3 month, 4% note. -What accrual entry must Simon's Solar Service make on 31 December before financial statements are prepared? A) B) C) D)

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