Question: Journal entry worksheet < 1 2 3 4 5 On November 1, 2024, the company borrowed $200,000 from a bank. The note requires principal

Journal entry worksheet < 1 2 3 4 5 On November 1,

Journal entry worksheet < 1 2 3 4 5 On November 1, 2024, the company borrowed $200,000 from a bank. The note requires principal and interest at 12% to be paid on April 30, 2025. Prepare the necessary adjusting entry on December 31, 2024. Note: Enter debits before credits. Transaction General Journal 4 Interest payable Interest expense. Debit Credit

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