2. Pegasus Corp . Signed a three - month , zero -interest- bearing $ 2.53, 315 note on November* 1 , ZOLE for the purchase of $ 2.50, 000 of inventory. It FEgasus makes adjusting Entries only at the End of the Year, the adjusting Entry made at December 31, 2015 will include a AI debit to NotE Parable for $ 2, 210 Ej debit to Interest EXPENSE for 5 2, 2 10 [ ] credit to Mote Farable For $ 2, 310 [ ] Credit to Interest EXPENSE for 5 2, 210