On October 1 , 2 0 2 4 , Pastina signed a $ 5 4 , 0 0 0 note that requires interest to paid annually on September 3 0 at 1 2 and will have principal due in 1 0 years Prepare the necessary adjusting entry on December 3 1 , 2 0 2 4

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On October 1 , 2 0 2 4 , Pastina signed a $ 5 4 , 0 0 0 note that requires interest to paid

On October

1, 2024,

Pastina signed a $

54, 000

note that requires interest to paid annually on September

30

12 %

and will have principal due in

10

years. Prepare the necessary adjusting entry on December

31, 2024 .

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