asked 11.9k views
5 votes
On November 1, Jovel Company loaned another company $100,000 at a 6% interest rate. The note receivable plus interest will not be collected until March 1 of the following year. The company's annual accounting period ends on December 31, and adjustments are only made at year-end. The adjusting entry needed on December 31 is:

asked
User TCSGrad
by
8.4k points

1 Answer

1 vote
Yes yhuuu. Hugg ut77 ftt
answered
User Nizar Ouerghi
by
7.9k points
Welcome to Qamnty — a place to ask, share, and grow together. Join our community and get real answers from real people.