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-   -   To compute interest expense for an adjusting entry, the formula is principal x rate x (https://www.askmehelpdesk.com/showthread.php?t=449768)

  • Feb 21, 2010, 10:51 AM
    blue but girl
    to compute interest expense for an adjusting entry, the formula is principal x rate x
    To compute interest expense for an adjusting entry, the formula is principal x rate x a fraction. The numerator and the denominator of the fraction are:
    Numerator Denomintor
    (a) length of time note has been outstanding 12 months
    (b) length of note 12 months
    (c) length of time until note matures length of note
    (d) length of time note has been outstanding length of note
  • Feb 23, 2010, 02:16 AM
    morgaine300

    Please see the guidelines for posting homework:
    https://www.askmehelpdesk.com/financ...-b-u-font.html

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