The Company Obtained A Loan From Bank Amounting To P7,500,000 On November 1, 2020. On The Same Date, The Company Issued A 60 Day, 12% Promissory Note To The Bank. Upon Closing Of The Company’s Book On December 31, 2020, Adjustment For Accrued Interest Expense Must Be Prepared In The Amount Of (assume A 360-day A Yea

The company obtained a loan from bank amounting to P7,500,000 on November 1, 2020. On the same date, the company issued a 60 day, 12% promissory note to the bank. Upon closing of the company’s book on December 31, 2020, adjustment for accrued interest expense must be prepared in the amount of (assume a 360-day a yea

- October 10, 2022 - Edwin Tunner

The company obtained a loan from bank amounting to P7,500,000 on November 1, 2020. On the same date, the company issued a 60 day, 12% promissory note to the bank. Upon closing of the company’s book on December 31, 2020, adjustment for accrued interest expense must be prepared in the amount of (assume a 360-day a year)

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