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Danali Corporation borrowed $270,000 on October 1 . The note carried a 13 percent interest...

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Accounting

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Danali Corporation borrowed $270,000 on October 1 . The note carried a 13 percent interest rate with the principal and interest payable on May 1 of next year. Prepare the following journal entries: Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet Prepare the journal entry to record the note on October 1. Note I Enzer debits before credts. Danall Corporation borrowed $270,000 on October 1 . The note carried a 13 percent interest rate with the principal and interest payable on May 1 of next yeat. Prepare the following journal entries. Note: If no entry is required for a transaction/event, select "No journal entry required" in the first account field. Journal entry worksheet 1 Prepare the adjusting entry to record accrued interest on December 31 , the end of Danali's fiscal year. Nate Enter debits before credits

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