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On Janurary 1, 2010 Bukner Steel Co. issued a $300,000, 3 year, 6% installment note payable with payments of $100,000 principle and interest due on

On Janurary 1, 2010 Bukner Steel Co. issued a $300,000, 3 year, 6% installment note payable with payments of $100,000 principle and interest due on Janurary 1st for each of the next 3 years.

1. Prepare the adjusting journal entry to accure interest at the end of the 2 year - 12/31/11

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