FINANCIAL ACCOUNTING
10th Edition
ISBN: 9781259964947
Author: Libby
Publisher: MCG
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On January 1, 2018, Nantucket Ferry borrowed $14,000,000 cash from BankOne and issued a four-year,
$14,000,000, 6% note. Interest was payable annually on December 31. Prepare the
to record interest at December 31, 2018.
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