Business, 04.04.2020 04:33 adibakawsar

On November 1, Wright Co. borrowed $20,000 cash from Third Bank by signing a 90-day, 6% interest-bearing note.
On December 31, Wright recorded an adjusting entry to interest expense of $200.
On January 30, the due date of the note, Wright will record the payment with a debit to Interest Expense in the amount of $ .

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On November 1, Wright Co. borrowed $20,000 cash from Third Bank by signing a 90-day, 6% interest-bea...

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