Question: On November 1, 2014, Bread Basket signed a 90,000, 6- month note payable. The note requires Bread Basket to pay interest at an annual rate

On November 1, 2014, Bread Basket signed a 90,000, 6- month note payable. The note requires Bread Basket to pay interest at an annual rate of 6%. The appropriate adjusting entry on December 31, 2014, would be (Accounting period yearly)

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