Question: On December 31, 2016, the Notes Payable account at Beth's Boutique Shop had a balance of $67,600. This amount represented funds borrowed on a six-month,

On December 31, 2016, the Notes Payable account at Beth's Boutique

On December 31, 2016, the Notes Payable account at Beth's Boutique Shop had a balance of $67,600. This amount represented funds borrowed on a six-month, 12 percent note from the firm's bank on December 1. Record the journal entry for interest expense on this note that should be recorded on the firm's worksheet for the year ended December 31, 2016. View transaction list Journal entry worksheet Record the adjustment for interest. Note: Enter debits before credits. General Journal Debit Credit Date Dec 31, 2016 Record entry Clear entry View general journal

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