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Question 6 of 9 On July 1 , 2 0 2 3 , Prohaska Ltd signed a 9 0 , 0 0 0 , one

Question

6

9

On July

1, 2023,

Prohaska Ltd signed a

90, 000,

one

-

year,

7

percent note payable. The principal and interest will be paid on June

30, 2024 .

What is the journal entry for interest to be recorded on December

31, 2023 ?

Assume no other journal entry has been made for interest.

Account

Debit

Credit

No Journal Entry Required

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