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Calculate depression expenses for 2015 using each of the following methods. Round all computations to the nearest dollar. Prepare an adjusting journal entry to record

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Calculate depression expenses for 2015 using each of the following methods. Round all computations to the nearest dollar. Prepare an adjusting journal entry to record depreciation expense in 2015 assuming that the straight-line method is used. Odyssey Travel borrowed $6,000,000 casg on October 1, 2015, to provide working capital for year-end inventory. Odyssey issued a 9-month note to First Bank under a prearranged short-term line of credit. The note was an "interest-bearing note" with 10% interest rate. Odyssey's fiscal year ends on December 31. Prepare the journal entries to record the issuance of the note on October 1, 2015. Prepare the necessary journal entry (adjusting entry) on December 31, 2015. Prepare the necessary journal entry at maturity date

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