Berklee ACCT 111 On September 1, 2015, Daylight Donuts signed a $150,000,
On September 1, 2015, Daylight Donuts signed a $150,000, 10%, six-month word payable with the quantity borrowed plus accrued curiosity due six months in a while March 1, 2016. Daylight Donuts information the suitable adjusting entry for the word on December 31, 2015. In recording the fee of the word plus accrued curiosity at maturity on March 1, 2016, Daylight Donuts would (Don't spherical your intermediate calculations):Debit curiosity expense, $7,500Debit curiosity expense, $5,000Debit curiosity expense, $2,500Debit curiosity payable, $2,500