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QUESTION
Starr Corporation loaned $90,000 to another corporation on December 1, 2010 and received a 3-month, 8% interest-bearing note with a face value of...
Starr Corporation loaned $90,000 to another corporation on December 1, 2010 and receiveda 3-month, 8% interest-bearing note with a face value of $90,000. What adjusting entry shouldStarr make on December 31, 2010?
