MC Qu. 238 On November... On November t Jovel Company loaned another company S100,000 at a 6 0% interest rate The note receivable plus interest will not be collected until March 1 of the following year The company's annual accounting period ends on December 31 and adjustments are only made at year-end The adjusting entry needed on December 31 is Multiple Choice No entry required rences Debt Inerest Expense $5.000, credt Interest Poyable $5,000 Debt Interest Expense $1000, creda Note Payable. $1000