On December 31, 2013, the Notes Payable account at Beth's Boutique Shop had a balance of $52,000.

Question:

On December 31, 2013, the Notes Payable account at Beth's Boutique Shop had a balance of $52,000. This amount represented funds borrowed on a six-month, 9 percent note from the firm's bank on December 1. Record the journal entry for interest expense on this note that should be recorded on the firm's worksheet for the year ended December 31, 2013. Omit descriptions.