1) How do you adjust a jounral entry for an interest expense?

ex: last year, sharon's cleaning service borrowed 50,000 from dream's bank. the loan is 7 years at 10 percent.

how do you right a journal entry and exmplain the net income effect.

2) write a J.E on an expense of depreciation

january first, milly's chair company purchased equipment for 100,000 with an estimated life of 10 yrs.

3) how do you write journal entries for "end of period" or "beginning of the period"