Business, 27.10.2020 17:20, ddoherty88

On January 1, a company lends $90,000 to a customer for one year at a 7% annual interest rate. The note requires the payment of interest twice each year on June 30 and December 31. The company records adjusting entries on a monthly basis. At the end of each month in which the company does not receive any interest payments, the company:

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On January 1, a company lends $90,000 to a customer for one year at a 7% annual interest rate. The n...