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Analyzing and Computing Financial Statement Effects of Interest Leahy Inc. signed a 90-day, 8% note payable for $22,080 on December 16. Use the financial statement

Analyzing and Computing Financial Statement Effects of Interest Leahy Inc. signed a 90-day, 8% note payable for $22,080 on December 16. Use the financial statement effects template to illustrate the year-end December 31 a adjustment Leahy must make. Note: For each account category, indicate the appropriate account name. Enter "N/A" for any account category that is not used for a given transaction. Note: Indicate a decrease in an account category by including a negative sign with the amount. Note: Round your answers to the nearest whole dollar. Transaction Dec 31 adjustment Check N/A Cash Asset 0 N/A Noncash Assets Balance Sheet Liabilities 0 71 x Interest Payable N/A Contrib. Capital Earned Capital 0 $ (91) x Retained Earnings N/A

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