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On October 1, 2018,Lenny's Distro borrowed $100,000 cash from Arrowhead Credit Union. Lenny's Distro signs...

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Accounting

On October 1, 2018,Lenny's Distro borrowed $100,000 cash from Arrowhead Credit Union. Lenny's Distro signs a 6 month, 12% note payable. Interest is payable at maturity, Lenny's Distro year-end is December 31.

The appropriate adjustment for Lenny's Distro on December 31, 2018, is?

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