ABDO Company takes out 250.000 TL loan from a bank on 1st of May for...

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Accounting

ABDO Company takes out 250.000 TL loan from a bank on 1st of May for 4 months with an annual interest rate of %24 Both the principal and the interest will be paid on maturity date a) Make the journal entries for the taking of the loan b) Make the journal entries for the payment of the loan at the maturity date A B I Date Account Title Debit Credit

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