wolfcub1600 wolfcub1600

20-05-2024
Business

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Time left 1:47:59 Mama's Pizza Shoppe borrowed $9,200 at 12% interest on May 1, 2021, with principal and interest due on October 31, 2022. The company's fiscal year ends June 30, 2021. What adjusting entry is necessary on June 30, 2021?
a. Interest expense 368 Interest payable 368
b. Prepaid interest 184 Interest payable 184
c. Interest expense 184 Interest payable 184
d. No entry page Next page

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