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  3. on march 1, 2021, bearcat lends an employee $11,50

On March 1, 2021, Bearcat lends an employee $11,500. The employee signs a note requiring...

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Accounting

On March 1, 2021, Bearcat lends an employee $11,500. The employee signs a note requiring principal and interest at 12% to be paid on February 28, 2022. Record the adjusting entry for interest at its year-end of December 31.

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