Rodgers Company lends Lanier Company $ \$ 40,000 $ 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 $ \$ 40,000 $ 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 $40,000 \$ 40,000 $40,000 On April 1, Accepting a Four-Month

Rodgers Company Lends Lanier Company $\$ 40,000$ On April 1, Accepting a Four-Month