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(Solved): i need help asap, and clear tutorial on t account Go Away With Us Travel borrowed $23,000 on August ...
i need help asap, and clear tutorial on t account
Go Away With Us Travel borrowed $23,000 on August 1,2016 , by signing a one-year note payable to Community One Bank. Go Away With Us's interest expense on the note payable for the remainder of the fiscal year (August through October) is $305. Requirements 1. Record the adjusting entry to accrue interest expense at October 31,2016. 2. Post the adjusting entry to the T-accounts of the two accounts affected by the adjustment.