The question is:

It's an adjusting entry to the trial balance.

JUNE 30:

The balance of the Notes Payable account is $5,000 and represents a $5000 interest bearing note. Interest Expense has accrued on this note since April 1, the beginning of the second quarter. The $5000 note carries an interest rate of 8.00 percent. Use a 360-day banker's year ( I do not understand what this means), and the exact number of days in the interest formula to calculate the accrued interest for this note for the quarter.