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On September 1, 2015, George Hanby borrowed $300,000 from The Actors Credit Union and signed a...

On September 1, 2015, George Hanby borrowed $300,000 from The Actors Credit Union and signed a 6%, one-year note payable, all due at maturity. The interest on this loan is stated separately.

    1. The amount Hanby must pay on September 1, 2016 when the note matures is
    1. The interest expense Hanby will recognize on this note in 2016 is
    1. At December 31, 2015, George Hanby´s overall liability for this loan amounts to
    1. Make a Journal provided, give the adjusting entry made by George Hanby on Dec 31, 2015 with respect to this note.
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