|date of the note||19-May||8-Jul||28-Nov|
|term of note||90||120||60|
|2)||interest due at maturity|
|3)||Amount in adjusting entry|
|interest to be acccrued in 2016||27,000||*||6%||*||33/360||=||149|
|4)||interest expense to be recorded in 2017|
|interest to recorded in 2018||27,000||*||6%||*||27/360||=||122|
|Date||Accounting titles & Explanations||Debit||Credit|
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