On July 1 , Brimley Company issued a note with First National Bank with terms...
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Accounting
On July 1 , Brimley Company issued a note with First National Bank with terms of 2 years and 10% interest to finance its inventory purchase of 1,000 plasma televisions with a list price of $2,750 each. Required: What adjusting entry should Brimley make at December 31? If an amount box does not require an entry, leave it blank. Dec. 31 (Record accrued interest expense)
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