On November 16,Predator Company Borrowed $112,000 from DT Bank

question 28

Essay

On November 16,Predator Company borrowed $112,000 from DT Bank.The loan had an interest rate of 10% and was due in 90 days.Predator Company's fiscal year-end is December 31.
Prepare the journal entry to record the interest due at December 31.

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Definitions:

Charts

Visual representations of data designed to make information easily understandable at a glance.

Restless

Experiencing difficulty resting, relaxing, or staying still, often due to anxiety, discomfort, or other underlying conditions.

Adequate Amounts

Sufficient quantities or volumes necessary to meet a specific need, standard, or requirement.

Legibly

In a manner that is clear enough to read, often referring to handwriting or printing.