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Unadjusted Notes Payable: $250,000 This is a short-term note.The company borrowed money from JRT Investments on October 31, 2020 for 3 months.The principal, along with

Unadjusted Notes Payable: $250,000

This is a short-term note.The company borrowed money from JRT Investments on October 31, 2020 for 3 months.The principal, along with interest is to be repaid on January 31, 2021.The interest rate is 1.5%

Prepare adjustment transaction for December 31st 2020

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