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International Bank agrees to lend $25,000 on October 1, 2019, if El Globo Inc, signs a $25,000, 8%, five-month note maturing on February 1. Prepare

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International Bank agrees to lend $25,000 on October 1, 2019, if El Globo Inc, signs a $25,000, 8%, five-month note maturing on February 1. Prepare the adjusting entry on December 31st, assuming monthly adjusting entries have not been made. El Banco Internacional acord prestarle a El Globo Inc., $25,000 el 1 de octubre de 2019, si El Globo Inc. firma una nota de $25,000, 8%, a cinco meses, con fecha de vencimiento el 1 de febrero. Prepare la entrada de ajuste del 31 de diciembre, asumiendo que los ajustes mensuales no se hicieron. Interest expense-debito 500 Interest expense-dbito 2,000 Interest expense-dbito 833.33 Interest payable-crdito 500 Interest payable-crdito 2,000 Interest payable-crdito 833.33

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