Help Save Seved Chapter 3 Video G 20 Required Information Knowledge Check 01 A company is In its first month of operations. On January 1, the company borrows $10,000 from the bank. The bank charges annual Interest of 12% on the borrowed amount. Interest is due at the end of the year. What adjusting entry would be made at the end of January? Post the adjusting entry for the scenario provided. (If no entry is required for a transaction/event, select "No Journal Entry Requlred" in the first account fleld.) Part 5 of 7 2.63 points View transaction list eBook Journal entry worksheet Print > References 1 Record the annual interest of 12% payable at the end of the year on the $10,000 borrowings from the bank. Note: Enter debits before credits. Debit Credit General Journal Date Jan 31 Me Next>