Moss County Bank agrees to lend the Sheridan Company $590000 on January 1. Sheridan Company...
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Accounting
Moss County Bank agrees to lend the Sheridan Company $590000 on January 1. Sheridan Company signs a $590000, 6%, 9-month note. What is the adjusting entry required if Sheridan Company prepares financial statements on June 30? Interest Payable Interest Expense Interest Payable Cash 17700 17700 17700 17700 Interest Expense 17700 Interest Payable 17700 Interest Expense 17700 Cash 17700
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