The company has a bank loan and has incurred (but not recorded) interest expense of

$3,500

for the year ended December 31 . The company will pay the interest five days after the year-end on January 5.\ Note: Enter debits before credits.

The company has a bank loan and has incurred (but not recorded) interest expense of $3,500 for the year ended December 31 . The company will pay the interest five days after the year-end on January 5 . Note: Enter debits before credits