I need help figuring out adjusting entries for amortization expense/accumulated amortization and interest expense/interest payable for the two
I need help figuring out adjusting entries for amortization expense/accumulated amortization and interest expense/interest payable for the two following scenarios. I am unclear on amortization and which constitutes amortization
For year end December 31, 2017
6% interest note payable made on January 3, 2017 and is due on February 1, 2019
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