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Question 10 View Policies Current Attempt in Progress Crane Company borrows $63,600 on July 1...

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Question 10 View Policies Current Attempt in Progress Crane Company borrows $63,600 on July 1 from the bank by signing a $63,600,6%, 1-year note payable. Prepare a tabular summary to record(a) the proceeds of the note and (b) accrued interest at December 31, assuming adjustments are made only at the end of the year. Of a transaction causes a decrease in Assets, Liabilities or Stockholders' Equity, place a negative sign for parentheses) in front of the amount entered for the particular Asset, Liability or Equity item that was reduced.) Liabilities Stockh Cash Notes Payable + Interest Payable + Common Stock - Revenue (a) $ n the bank by signing a $63,600,6%, 1-year note payable. ceeds of the note and (b) accrued interest at December 31, assuming adjustments are made only at the in Assets, Liabilities or Stockholders' Equity, place a negative sign (or parentheses) in front of the amount entered was reduced.) Stockholders' Equity Retained Earnings Expense Retail Revenue Dividend Interest expense

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