Question: I really need help with this problem. Thank you. On January 1, 2019, Brooks Inc. borrows $90,000 from a bank and signs a 5% installment

I really need help with this problem. Thank you. On January

I really need help with this problem. Thank you.

On January 1, 2019, Brooks Inc. borrows $90,000 from a bank and signs a 5% installment note requiring four annual payments of $25,381 at the end of each year. Complete the necessary journal entry on 12/31 by selecting the account names from the drop-down menus and entering the dollar amounts in the debit or credit columns. X Answer is not complete. IIIIIIIIIIIIIIIIIIIIIIIIIIIIII T TTTTTTTTTTTTTTTTTTTTTTTTTTTTTT No Date General Journal Debit Credit 1 12/31 4,500 Interest expense Notes payable 90,000 X

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