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Analyzing and Computing Financial Statement Effects of Loan Interest Huddart Company gave a creditor a 90-day, 9% note payable for $10,800 on December 16. a.

image text in transcribed Analyzing and Computing Financial Statement Effects of Loan Interest Huddart Company gave a creditor a 90-day, 9\% note payable for \$10,800 on December 16. a. Prepare the journal entry to record the year-end December 31 accounting adjustment Huddart must make. (Round to the nearest dollar and use a 365-day year in your calculation.) b. Post the journal entry to its respective T-accounts

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