Question: Samson Corp. borrowed $ 1 5 , 0 0 0 , signing a 5 % , 1 - year note on September 1 . Assuming

Samson Corp. borrowed $15,000, signing a 5%,1-year note on September 1. Assuming Samson makes adjusting entries annually, what is the dollar amount in the December 31 adjusting entry and which account is debited (to the nearest dollar)?

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