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On August 31, Merryweather International borrows $385,000 from Chase Bank with a 9-month, 7% note. Required: What journal entry is made at Merryweather's year-end, December

image text in transcribed On August 31, Merryweather International borrows $385,000 from Chase Bank with a 9-month, 7\% note. Required: What journal entry is made at Merryweather's year-end, December 31? If an amount box does not require an entry, leave it blank. Round your answer to the nearest dollar. Dec. 31 (Record accrued interest expense)

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