The long-term note payable bears interest at 12% per year. The unadjusted Interest Expense account equals the amount paid for the first 11 months of the 2015 fiscal year. The $230 accrued interest for June has not yet been paid or recorded. (The company is required to make a $5,000 payment toward the note payable during the 2016 fiscal year.).

I could not figure out to post entry for Long-term Note Payble for the year 2015 and online showed that the end balance of this account must be $18,000. I need help Please.