On September 1, 2015, Charles Association borrowed $600,000 from Diana Credit Union and signed a 9%, one-year note payable all due at maturity. The amount Charles must pay on the note September 1 2016. when the note matures is $ The interest expense Charles will recognize on this note in 2016 is $ At December 31, 2015, Charles Associates' liability to the credit union amounts to $ In the space provided below, give the adjusting entry made by Charles Associates on December 31, 2015, with respect to this