Use the Following Information for Questions

question 96

Short Answer

Use the following information for questions
On October 1, 2015, Mekhi's Golf Service Limited borrows $80,000 from Rigor Bank by signing a 3-month, $80,000, 4% bank loan.Interest is due the first of each month.
-What adjusting entry is required at December 31, 2015?

---

Definitions:

Invincibility Fable

A feeling of being invulnerable, or even immortal that can be part of an adolescent’s personal fable.

Personal Audience

The imaginary audience that individuals, especially adolescents, believe is constantly watching and evaluating their actions.

Self-Focused View

A self-focused view is a perspective where an individual prioritizes their own thoughts, feelings, and needs, often at the expense of considering others' perspectives or societal norms.

Private Accountant

An accountant who is employed by a single organization to perform financial duties such as audits, budgeting, and financial statement preparation internally.