Question: (Please provide explanation so I can learn from this!!) On September 1, 2022, Bean Company signed a 6 -month note for $10,000. The interest rate

(Please provide explanation so I can learn from this!!)

On September 1, 2022, Bean Company signed a 6 -month note for $10,000. The interest rate on the note is 6%, and the interest is payable when the note is due on February 28, 2023. What adjusting entry will Bean make for this note on December 31, 2022? What journal entry will Bean make on February 28,2023 , when the note comes due

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