Use the Following Information for Questions $(\$ 80,000 \times 04 / 12=\$ 267$

question 18

Multiple Choice

Use the following information for questions.
On October 1, 2018, 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, 2018?

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Definitions:

Adulthood

A period in human development after adolescence characterized by full physical development, legal responsibility, and increased social and economic independence.

Life Span

The maximum length of time an organism can live, determined by genetic factors.

Prenatal

Pertaining to the period or development before birth.

Moral Emotions

Feelings that relate to society's norms and values, typically involving the welfare of others and guilt, shame, embarrassment, and pride.