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Accounting 200: Gold, Inc. loaned Jackson Co. $50,000 (already on the TB) on Oct. 1, 2015 using a 6 month, 12percentage interest note. All interest

Accounting 200:

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Gold, Inc. loaned Jackson Co. $50,000 (already on the TB) on Oct. 1, 2015 using a 6 month, 12percentage interest note. All interest and principal will be paid back at the end of the 6 months. Write the adjusting journal entry required by Gold, Inc. for its financial statements as of Dec. 31 2015

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