On December 1,2013,a company loaned a new employee $20,000 to assist with her relocation expenses.The employee signed a 6-month note,with interest of 9%.The company prepares year-end financial statements at December 31.What is the required adjusting entry at December 31 as a result of this note transaction?

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The Answer of On December 1,2013,a company loaned a new employee $20,000 to assist with her relocation expenses.The employee signed a 6-month note,with interest of 9%.The company prepares year-end financial statements at December 31.What is the required adjusting entry at December 31 as a result of this note transaction?

On December 1,2013,a Company Loaned a New Employee $20,000 to Assist