Use the Following Information for Questions

question 98

Short Answer

Use the following information for questions
On January 1 of this year, Gertoni Lenders agrees to lend Ester Corp.$150,000.Ester Corp.signs a $150,000, 6%, 9-month loan.Interest is due at maturity.
-What entry will Ester Corp.make to repay the loan on September 30, assuming no further adjusting entries have been made since June 30?

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Definitions:

Drug Control

The regulation, legislation, and policies designed to reduce the supply of and demand for illegal drugs and control the use of legal drugs.

United States Government

The federal government of the United States, a constitutional republic composed of three distinct branches: legislative, executive, and judicial.

Violent Crime

Criminal acts that use or threaten to use violence against people, encompassing offenses like physical attack, theft under threat, and murder.

Institutionalized Means

Established methods and procedures within societies for achieving valued goals, such as wealth, status, or power, that are widely accepted and sanctioned.