Notes Payable
on 1 September 2014, Charles Associates Borrowed $600,000

Notes payable
On 1 September 2014, Charles Associates borrowed $600,000 from Diana Finance and signed a 9%, one-year note payable, all due at maturity.
(a) The amount Charles must pay on 1 September 2015, when the note matures is $________________.
(b) The interest expense Charles will recognize on this note in 2015 is $_______________.
(c) At 31 December 2014, Charles Associates' liability to Diana Finance amounts to $________________.
(d) In the space provided below, give the adjusting entry made by Charles Associates on 31 December 2014, with respect to this note.
$$\begin{array} { | l | l | l | l | } \hline \text { 31 Dec } & \text { General Journal } &\quad\quad &\quad\quad \\\hline & & & \\\hline & & & \\\hline & & & \\\hline & & & \\\hline\end{array}$$