Gloryreak5679 Gloryreak5679
  • 12-10-2022
  • Business
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on september 1, kennedy company loaned $120,000, at 8% annual interest, to a customer. interest and principal will be collected when the loan matures one year from the issue date. assuming adjustments are only made at year-end, what is the adjusting entry for accruing interest that kennedy would need to make

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