Jay, INC made all of the 2019 journal entries except the year-end adjusting entries below. Jay INC has a December 31 year end

1.On October 1 of the current year, the company borrowed $20,400 from a local bank and signed a one-year, 13 percent note for that amount. The principal and interest are payable on the maturity date

2.Depreciation of $1,700 should be recorded related to an auto bought in July 2019 that cost of $19,000