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The amount in L-T Notes Payable is 200,000 as of Dec. 1st, 2019. How would you calculate the adjusting entry for Dec 31st, 2019 The

The amount in L-T Notes Payable is 200,000 as of Dec. 1st, 2019.
How would you calculate the adjusting entry for Dec 31st, 2019

The balance in the long-term note payable account is represented by one five-year note, dated April 1, 2018. The note bears interest at 7%. Annual principal payments of $50,000 plus interest are due on April 1 of each year. (Assume 12 months of 30 days each)

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