Exercise 12.6 (Algo) Recording adjustments for accrued interest. LO 12-2 On December 31, 20X1, the Notes Payable account at Vanessa's Boutique Shop had a balance of $61,600. This amount represented funds borrowed on a six-month, 6 percent note from the firm's bank on Decembe 1. Record the journal entry for interest expense on this note that should be recorded on the firm's worksheet for the year ended December 31, 20X1. View transaction list Journal entry worksheet 1