accounting question:
Cloud Company Inc. manufactures and sells high quality interior and exterior sun blinds and curtains. The following is Cloud Company’s unadjusted trial balance at June 30, 2012.
Cloud Company borrowed $250,000 at a 12 percent annual interest rate on March 1, 2012. The loan requires the company to pay the interest quarterly until the note is repaid in three years. Cloud Company has recognized and paid quarterly interest on May 31

what is the adjusting entry for this post?

Question

accounting question:
Cloud Company Inc. manufactures and sells high quality interior and exterior sun blinds and curtains. The following is Cloud Company’s unadjusted trial balance at June 30, 2012.
	Cloud Company borrowed $250,000 at a 12 percent annual interest rate on March 1, 2012. The loan requires the company to pay the interest quarterly until the note is repaid in three years. Cloud Company has recognized and paid quarterly interest on May 31

what is the adjusting entry for this post?

amistre64 · Answer

the interest paid most likely

but what is the trial balance, seems to be missing it to me

amistre64 · Answer

12% a year is 1% a month, mam j seems to be interest for june but without the infomation from trial balance its hard to determine