prepare an adjusting entry for the accrued interest for First Bank dealing with the December 1st note. Please prepare the required journal entry.

> Question 8 10 pts December 31, 2020 Prepare adjusting entry for the accrued interest for First Bank dealing with the December 1st note. Please prepare the required journal entry. HTML Editor n B IV A - A - IKE 3 3 3 3 X X V GV DT 112pt Paragra > Question 7 10 pts December 1, 2020 Your company, RDV Sports needs more money so, your company borrowed $40,000 from FirstBank. The note has an interest rate of 12% and is due in 60 days. Please prepare the required journal entry. HTML Editor BIV A - A - IX ET 3x E Ce TTT 12pt Paragra N Credit Date 12/1/2020 Account Titles Debit Cash $40,000 Note Payable (12%) $40,000