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Journal entry worksheet < 1 2 3 4 5 6 Benson borrowed $41,700 on March 1, 2024. The principal is due to be paid

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Journal entry worksheet < 1 2 3 4 5 6 Benson borrowed $41,700 on March 1, 2024. The principal is due to be paid in five years. Interest is payable each March 1 at an annual rate of 10%. Note: Enter debits before credits. Date General Journal Debit Credit December 31 Interest Expense Interest Payable Record entry Clear entry View general journal >

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