Brief Exercise $8-3($Algo$)$ Determine interest expense $($LO$8-2)$

On July $1,$ Bahama Excursions issues a $$100,000,$ eight$-$month, $6\%$ note. Interest is payable at maturity. What is the amount of interest

expense that the company would record in a year$-$end adjusting entry on December $31?$