прапуWhat formula should Hardy Companyuses add-on interest?Gordon Company signed a note payable on November 20. Gordon has a December 31 year-end. It naidthe note, including interest, on the maturity date, February 20. What accounts did Gordon debit and whataccount did it credit on February 20?Lack Swanson gave a creditor a 90-dav eight percent note pavable for $7.200 on December 16. What ad-

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Asked Nov 14, 2019
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прапу
What formula should Hardy Company
uses add-on interest?
Gordon Company signed a note payable on November 20. Gordon has a December 31 year-end. It naid
the note, including interest, on the maturity date, February 20. What accounts did Gordon debit and what
account did it credit on February 20?
Lack Swanson gave a creditor a 90-dav eight percent note pavable for $7.200 on December 16. What ad-
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прапу What formula should Hardy Company uses add-on interest? Gordon Company signed a note payable on November 20. Gordon has a December 31 year-end. It naid the note, including interest, on the maturity date, February 20. What accounts did Gordon debit and what account did it credit on February 20? Lack Swanson gave a creditor a 90-dav eight percent note pavable for $7.200 on December 16. What ad-

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