Documents to pay A. Determine the interest, the adjustment, and account for each of the following examples. 1. The bank made a loan of $ 10,000 for 6 months with interest at the rate of 1% per month and discounted the first semester. 1 month has passed since this. 2. Purchase inventory for $ 7,000 and a 3-month letter is signed and interest is paid in advance for 3 months at a rate of 4% quarterly. 1 month has passed since this. 3. Borrow $ 20,000 from the company and sign a letter to be paid at 8 months with a 2% annual interest. The interest is going to be paid in advance. 1 month has passed since this.