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Make an analysis. Section Subject:... No.: Adjusting sournal Entry on December 31 Date Account Details & Explanation Debit credit Dec. 31 3.000 3.000 Interest expense

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Make an analysis.

Section Subject:... No.: Adjusting sournal Entry on December 31 Date Account Details & Explanation Debit credit Dec. 31 3.000 3.000 Interest expense Interest payable (To record interest due on December al Computation Interest = 120.000 x 10% * 90/360 - 120.000 XO.1 X 0.25 12.000 X 0.25 Interest 3.000

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