On October 1,2012,Falls Company loaned $10,000 to a customer for one year at 6% interest.Show the effect of this transaction on Falls' financial statements.

Name: On October 1,2012,Falls Company loaned $10,000 to a customer for one year at 6% interest.Show the effect of this transaction on Falls' financial statements.
Brand: Quizplus
Rating: 4.7 (47 reviews)

Question

Quizplus · Accepted Answer

The Answer of On October 1,2012,Falls Company loaned $10,000 to a customer for one year at 6% interest.Show the effect of this transaction on Falls' financial statements.

On October 1,2012,Falls Company Loaned $10,000 to a Customer for One