On January 30, 2021, Titan Techniques gave Matzushibi Motors a 90-day, 8%, $ 80,000 note payable to extend a past due account payable. Titan has a March 31 year end.
Instructions
Prepare the year-end adjusting entry to accrue interest and record payment of the note on April 30, 2021.

Question

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The Answer of On January 30, 2021, Titan Techniques gave Matzushibi Motors a 90-day, 8%, $ 80,000 note payable to extend a past due account payable. Titan has a March 31 year end.
Instructions
Prepare the year-end adjusting entry to accrue interest and record payment of the note on April 30, 2021.

On January 30, 2021, Titan Techniques Gave Matzushibi Motors a 90-Day