A company lends $30,000 with 10% interest on May 1,2015.This amount plus interest is due on April 30,2016.Record the adjusting entry on December 31,2015.

Name: A company lends $30,000 with 10% interest on May 1,2015.This amount plus interest is due on April 30,2016.Record the adjusting entry on December 31,2015.
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The Answer of A company lends $30,000 with 10% interest on May 1,2015.This amount plus interest is due on April 30,2016.Record the adjusting entry on December 31,2015.

A Company Lends $30,000 with 10% Interest on May 1,2015