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PROBLEM 5(8 points) On September 1, 2015, Charles Associates borrowed $600,000 from Diana Credit Union and signed a 9%, one-year note payable. all due at

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PROBLEM 5(8 points) On September 1, 2015, Charles Associates borrowed $600,000 from Diana Credit Union and signed a 9%, one-year note payable. all due at maturity. a) The amount Charles must pay on the note September 1 2016, when the note matures is $ b) The interest expense Charles will recognize on this note in 2016 is $ c) In the space provided below, give the adjusting entry made by Charles Associates on December 31, 2015, with respect to this

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