I don't need ai answer general accounting question On March 1, 20X3, Delta Corporation borrowed $36,000 to purchasemanufacturing equipment. The loan is to be repaid plus interest of 8%per year, on February 28, 20X5. Prepare the general journal adjustingentry needed for December 31, 20X3. If no entry is required then writeNo Entry Required.

The loan is to be repaid plus interest of 8% per year, on February 28, 20x5. On December 31, 20x3,…

Answered: On March 1, 20X3, Delta Corporation…

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter12: Current Liabilities

Section: Chapter Questions

Problem 12EA: Scrimiger Paints wants to upgrade its machinery and on September 20 takes out a loan from the bank...

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On March 1, 20X3, Delta Corporation borrowed $36,000 to purchase manufacturing equipment. The loan is to be repaid plus interest of 8% per year, on February 28, 20X5. Prepare the general journal adjusting entry needed for December 31, 20X3. If no entry is required then write No Entry Required.