On December 1, 2017 Blue Ltd. borrowed $10,000 on a 90-day, 10% note. The year...
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Accounting
On December 1, 2017 Blue Ltd. borrowed $10,000 on a 90-day, 10% note. The year end for the company is December 31, 2017.
Required:
- Write out the required entries, (if any) for the year end.
- What is the entry required on the maturity date?
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