On November 1 2019. Smith Stores borrowed $400,000 cash one love note payable that requires Smith to pay both principal and interest on Octob 2020. Given no prior adjusting entries have been recorded the adjusting for entry on December 31, 2019. Smith's year and would includes credit to Cash of 54.000 credit to interest Payable of $1,000 ditto interest Exo 24.000 credito Noto Payable of 54.000