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what is the adjusting entry for: OnMay2,Billsigneda1year,6%notefor$3,500associatedwiththepurchaseofausedtruckforthebusiness.Theinterestwillbeduewiththeprincipleofthenote. is it..... interest expense 210 interest payable 210

what is the adjusting entry for:

  • OnMay2,Billsigneda1year,6%notefor$3,500associatedwiththepurchaseofausedtruckforthebusiness.Theinterestwillbeduewiththeprincipleofthenote.

is it.....

interest expense 210

interest payable 210

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