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Financing: 6% interest note payable was made on January 31, 2017, and is due February...

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Accounting

Financing: 6% interest note payable was made on January 31, 2017, and is due February 1, 2019. 5 year Loan was made on June 1, 2016. Terms are 7.5% annual rate, interest only until due date. The amount for the note payable is $10,000 and the amount for the loan payable is $21,000. I need to make the adjusted journal entry for Debit (Interest Expense) and Credit (Interest Payable)

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