Question: In december 31,2011, a 60-day 9% notes payable has a balance of 240,000 per general ledger. the note was issued on December 1,2011 no interest

In december 31,2011, a 60-day 9% notes payable has a balance of 240,000 per general ledger. the note was issued on December 1,2011 no interest has been taken on this note. What is the adjusting entry for this transaction?

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