Directions: Complete the same as previous Bergner Review assignments.

Samson Corp. borrowed $$15,000,$ signing a $5\%,1-$year note on September $1.$ Assuming

Samson makes adjusting entries annually, what is the dollar amount in the December

$31$ adjusting entry $($to the nearest dollar$)?$

For #$1,$ which account would be debited in the December $31$ adjusting entry?

For #$1,$ assuming Samson uses reversing entries, which account would be debited in

the January $1$ reversing entry $($i$.$e$.,$ the day following the adjusting entry$)?$