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On September? 1, 2024, Real Estate? Professionals, Inc. paid $ 6 comma 000$6,000 in advance for an eightminus?month rental space covering the period of September?
On September? 1, 2024, Real Estate? Professionals, Inc. paid $ 6 comma 000$6,000 in advance for an eightminus?month rental space covering the period of September? 1, 2024 through April? 30, 2025. The deferred expense was initially recorded as an asset. The company makes adjusting entries once a year at yearminus?end. The adjusting entry on December? 31, 2025 would include a? ________.Global? Enterprises, Inc. signed a oneminus?year $ 47 comma 000$47,000 note payable at 66?% interest on April? 1, 2025. If Global only adjusts its accounts once a year at yearminus??end, how much interest expense was accrued on December? 31, 2025??
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