On December 1, the company borrowed $10,000,000 at an 8% annual interest rate. The loan, and all accrued interest, is due in 3 months. Do not journalized the borrowing. This question is an adjusting entry for interest. (3 points).

W. Brian Voss company pays many employees on an hourly basis. As of December 31 there are 5,320 unpaid labor hours already worked at an average hourly rate of $17.

create a journal entry