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  1. interest expense and long term notes payable, how do i solve it?

    "the long-term note payable bears interest at 12% per year. The unadjusted interest expense account equals the amount paid for the first 11 months of the 2008 fiscal year. the 250$ accrued interest...
  2. If supplies expense is a debit? What account gets credited?

    I am having a problem with understanding what account gets credited if the supplies expense is a debit.

    In the problem, there is a supplies expense of 0, but after adjustments the supplies...
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