Preston Corporation issues a $3,000 note to Fulton Corporation on March 1, which carries interest at an annual rate of 5%. Interest is payable when the note matures on June 30. What entry will Fulton make at its year-end, April 30, if interest on the note has not previously been accrued? 
Definitions:
Local Market
A market within a specific geographical area where goods and services are exchanged within the local community.
Globalization
The process of interaction and integration among people, companies, and governments worldwide, largely driven by international trade and investment and aided by information technology.
Economic Reforms
Government policies aimed at improving a country's economic efficiency by reducing restrictions, encouraging free-market conditions, and fostering competition.
Free Trade
Free trade is a policy framework in which governments do not discriminate against imports or interfere with exports, allowing goods and services to move freely between countries.
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