Butte Co. loaned $25,000 to Beavis Co. on June 1, at 6% interest for three...
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Accounting
Butte Co. loaned $25,000 to Beavis Co. on June 1, at 6% interest for three months. What adjusting entry will Butte Co. have to make before preparing the financial statements on June 30 if interest is due the first of each month, commencing July 1?
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