Rodgers Company lends Lanier Company $60,000 on April 1, accepting a four-month, 9% interest note. Rodgers Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared?

Question

Quizplus · Accepted Answer

The Answer of Rodgers Company lends Lanier Company $60,000 on April 1, accepting a four-month, 9% interest note. Rodgers Company prepares financial statements on April 30. What adjusting entry should be made before the financial statements can be prepared?

Rodgers Company Lends Lanier Company $60,000 on April 1, Accepting