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On November 1, 2012, EZ Products Borrowed $48,000 on a 5

Question 93

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On November 1, 2012, EZ Products borrowed $48,000 on a 5%, 10-year note with annual installment payments of $4,800 plus interest due on November 1 of each succeeding year. Which of the following journal entries would be needed at December 31, 2012 to accrue interest from November 1 through year-end?


A) On November 1, 2012, EZ Products borrowed $48,000 on a 5%, 10-year note with annual installment payments of $4,800 plus interest due on November 1 of each succeeding year. Which of the following journal entries would be needed at December 31, 2012 to accrue interest from November 1 through year-end? A) B) C) D)
B) On November 1, 2012, EZ Products borrowed $48,000 on a 5%, 10-year note with annual installment payments of $4,800 plus interest due on November 1 of each succeeding year. Which of the following journal entries would be needed at December 31, 2012 to accrue interest from November 1 through year-end? A) B) C) D)
C) On November 1, 2012, EZ Products borrowed $48,000 on a 5%, 10-year note with annual installment payments of $4,800 plus interest due on November 1 of each succeeding year. Which of the following journal entries would be needed at December 31, 2012 to accrue interest from November 1 through year-end? A) B) C) D)
D) On November 1, 2012, EZ Products borrowed $48,000 on a 5%, 10-year note with annual installment payments of $4,800 plus interest due on November 1 of each succeeding year. Which of the following journal entries would be needed at December 31, 2012 to accrue interest from November 1 through year-end? A) B) C) D)

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