Question: Show me the steps to solve On May 1 , Year 2 , Dooley borrowed $ 2 5 0 , 0 0 0 from Prime

Show me the steps to solve On May 1, Year 2, Dooley borrowed $250,000 from Prime Bank by signing a three-year, 6% note payable. Interest is due each May 1. What adjustment, if any, should Prime Bank record on December 31, Year 2?

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