6% interest note payable was made on January 31,2017 and is due February 1, 2019.

5-year loan was made on June 1, 2017. Terms are 7.5% annual rate, interest only until due date.

Notes payable is $10,000. Loans payable $21,000.

how much would i be putting in the interest expense adjusting journal entry?

Answer rating: 100% (QA)

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