ashlynhicks2279 ashlynhicks2279
  • 25-01-2024
  • Business
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On August 1, 2016, XYZ Company took out a three-year bank loan for $30,000. The loan has an annual interest rate of 10%. What is the adjusting entry to record the accrued interest expense on December 31, 2016 (year-end)?

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