Question: 1. Branson, Inc. signed a $80,000,5% 3-month note payable on November 1, 2019. a. If no prior adjustments have been made, what is the transaction

1. Branson, Inc. signed a $80,000,5% 3-month note payable on November

1. Branson, Inc. signed a $80,000,5% 3-month note payable on November 1, 2019. a. If no prior adjustments have been made, what is the transaction to accrue interest expense at December 31, 2019 when Branson prepares financial statements? Assets Liabilities Stockholders' Equity b. What is total amount (principal and all interest expense) that will be repaid at maturity

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