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    A Company Lends $30,000 with 10% Interest on May 1,2015
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A Company Lends $30,000 with 10% Interest on May 1,2015

Question 177

Question 177

Essay

A company lends $30,000 with 10% interest on May 1,2015.This amount plus interest is due on April 30,2016.Record the adjusting entry on December 31,2015.

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