On October 1, Frank's Accounting Service borrows $ 75,000 from National Bank on a $ 75,000, 3-month, 6% note. What entry must Frank's Accounting make on December 31 before financial statements are prepared?

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The Answer of On October 1, Frank's Accounting Service borrows $ 75,000 from National Bank on a $ 75,000, 3-month, 6% note. What entry must Frank's Accounting make on December 31 before financial statements are prepared?

On October 1, Frank's Accounting Service Borrows $ 75,000 from National