Record each event in the accounting equation below.Include both amounts and account titles.

3.Which of the four financial statements are affected by the adjusting entry to accrue interest?
4.Would your answer in 2.be different if the note was a $20,000,6-month,9% note instead of a 3-month note?

Question

Record each event in the accounting equation below.Include both amounts and account titles.
 
3.Which of the four financial statements are affected by the adjusting entry to accrue interest?
   4.Would your answer in 2.be different if the note was a $20,000,6-month,9% note instead of a 3-month note?

Quizplus · Accepted Answer

The Answer of Record each event in the accounting equation below.Include both amounts and account titles.
 
3.Which of the four financial statements are affected by the adjusting entry to accrue interest?
   4.Would your answer in 2.be different if the note was a $20,000,6-month,9% note instead of a 3-month note?

Record Each Event in the Accounting Equation Below