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Davies Accessories Company Entered into the Following Transactions Relating to Notes

Question 56

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Davies Accessories Company entered into the following transactions relating to notes payable:
Davies Accessories Company entered into the following transactions relating to notes payable: a. Prepare journal entries to record the above transactions. b. Assuming Davies Accessories Company has a December 31 year-end, prepare any adjusting entries needed for the accrual of interest. a. Prepare journal entries to record the above transactions.
b. Assuming Davies Accessories Company has a December 31 year-end, prepare any adjusting entries needed for the accrual of interest.

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