Business, 07.05.2021 17:40, mcclendoncassandra

Below are two related transactions for Golden Corporation. The annual accounting period ends December 31. The books are adjusted only at year-end. October 1, 2014: Golden Corporation borrowed $100,000 and signed a note providing for 8% annual interest. The principal and interest are due in one year on September 30, 2015. December 31, 2014: End of the annual accounting period. What adjusting entry is required on December 31 if the company adjusts its books once a year, on December 31

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Below are two related transactions for Golden Corporation. The annual accounting period ends Decembe...