Question: prepare an adjusting entry for the accrued interest for First Bank dealing with the December 1st note. Please prepare the required journal entry. > Question

prepare an adjusting entry for the accrued interest for First Bank dealing with the December 1st note. Please prepare the required journal entry.

dealing with the December 1st note. Please prepare the required journal entry.

> Question 8 10 pts December 31, 2020 Prepare adjusting entry for the accrued interest for First Bank dealing with the December 1st note. Please prepare the required journal entry. HTML Editor n B IV A - A - IKE 3 3 3 3 X X V GV DT 112pt Paragra > Question 7 10 pts December 1, 2020 Your company, RDV Sports needs more money so, your company borrowed $40,000 from FirstBank. The note has an interest rate of 12% and is due in 60 days. Please prepare the required journal entry. HTML Editor BIV A - A - IX ET 3x E Ce TTT 12pt Paragra N Credit Date 12/1/2020 Account Titles Debit Cash $40,000 Note Payable (12%) $40,000

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