[melissaneedshelp]

The question is on page 170 if you have the book it says; the long-term note payable bears an interest of 12% per year. The unadjusted interest expense account equals the amount paid for the first 11 months of the 2008 fiscal year.(3,300). The 300 accrued interest for April has not yet been paid or recorded.Note: that the company is required to make a 10,000 payment toward the note payable during the 2009 fiscal year.

My question is how do I or do I show the 10,000 on my work sheet. Do I only deal with the long-term note payable account and the accts payable accounts or do I need to figure out something. I have already debited and credited the interest payable and the interest expense accounts 300. Was that right/