On December 31, 20X1, the Notes Payable account at Vanessa's Boutique Shop had a balance of $67,600. 'his amount represented funds borrowed on a six-month, 12 percent note from the firm's bank on December 1. eecord the journal entry for interest expense on this note that should be recorded on the firm's worksheet or the year ended December 31, 20X1. Journal entry worksheet Note: Enter debits before credits