business makes a loan payt on the 1 of each month At the end of Decembe it has accrued 10 days worth of it on the loan which to 5450 The adjusting entry csary at the end of the fiscal period ending December 31 would be recorded a debit to homes Expense and a conde to lest Payable of 3450 debt Expense and a condid to Prof deb to Penteret and aced to test 5450 debt Payable and delete Expense of $450