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what is the journal entry? 2 JAR borrowed $500,000 at 4% on 8/1/20 from BB&T specifically for the purpose of constructing the new warehosue. The

image text in transcribedwhat is the journal entry?
2 JAR borrowed $500,000 at 4% on 8/1/20 from BB&T specifically for the purpose of constructing the new warehosue. The loan was recorded on 8/1 but no interest has been accrued. Please accrue the interest appropriately on this loan as well as the notes in #3 and 4. Prior to recording the interest make sure to take into consideration the facts in #6 below regarding cosntruction of the new storage warehouse. You may round 2-5 to the nearest whole dollar. Items 2-6 may be done as one entry and labeled 2-6 on 8 adi entry sheet. - IAD ennala in no 5 vear. 6% note payable to Bank of America. No interest was accrued on this note yet

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