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QUESTION
On November 1, 2015, the company borrows $11,000 from a bank. The loan requires principal and interest at 9% to be paid on October 30, 2016.
- On November 1, 2015, the company borrows $11,000 from a bank. The loan requires principal and interest at 9% to be paid on October 30, 2016. Record the adjustment for interest at December 31, 2015 for Wolverine Company.
