Question: The note Waldo signed when he bought the computer bears interest at 6% per year and interest is payable quarterly, i.e. every three months.The first

The note Waldo signed when he bought the computer bears interest at 6% per year and interest is payable quarterly, i.e. every three months.The first interest payment is due on February 28th, 2017.Annual interest on the note would be $96 and monthly interest would be $8.How can I record this in my adjusting entries?

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