Use the Following Information for Questions

question 23

Short Answer

Use the following information for questions
On October 1, 2022, 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, 2022?

---

Definitions:

Genetic Endowment

The set of genes inherited from one's parents that determine various biological traits and predispositions.

Ecological Approach

A perspective in psychology that emphasizes the study of how organisms relate to one another and to their environments.

Teenage Pregnancy

Teenage pregnancy refers to a pregnancy occurring in an individual who is under the age of 20 at the time of giving birth, presenting unique social, economic, and health challenges.

Child Abuse

Any act by a parent, caregiver, or other individual that results in potential or actual harm to a child, whether physically, psychologically, or sexually.