OLS QUESTION 1 6 points On Oct 1, 2022, Bregman Service borrowed $500,000 cash on a 9-month 8% note. The principal and the interest are due on July 1, 2023. Record Bregman's journal entry for the issuance of the note and also journalize the adjusting journal entry to accrue 3 month's interest at December 31, 2022. (6 points) Save Answer

On Oct 1,2022, Bregman Service borrowed $500,000 eash on a 9-month 8% note. The principal and the interest are due on July 1,2023. Record Bregman's joumal entry for the issuance of the note and also joumalize the adjusting joumal entry to acerue 3 month's interest at December 31,2022 . (6 points)