Question: ABC Company borrowed on a 6 month, 10% note payable for $5,000 on 10/1/15. Assuming 10 adjusting entries were made yet, what adjusting entry for

ABC Company borrowed on a 6 month, 10% note payable for $5,000 on 10/1/15. Assuming 10 adjusting entries were made yet, what adjusting entry for interest will they need to make at year end on 12/31? lit. Interest

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