please explain how to calculate
thxxx
Homework Answers
To record the accrued interest over an accounting period, we will credit the 'Interest Payable' account and debit the 'Interest Expense' account. The adjustment entries will be made on 31st December. Thus we will consider two months - November and December; and exclude Jan'2020. The computation will be done as:
10,000 * 9% * 2 months /12 months = $150
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please explain how to calculate
thxxx
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