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On December 31,2016,interest of $1,500 Has Accrued on a Bank

Question 21

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On December 31,2016,interest of $1,500 has accrued on a bank note.This interest payment is due on January 20,2017.If no adjusting entry is made on December 31,2016,indicate the effect on assets,liabilities,equity,and net income.
On December 31,2016,interest of $1,500 has accrued on a bank note.This interest payment is due on January 20,2017.If no adjusting entry is made on December 31,2016,indicate the effect on assets,liabilities,equity,and net income.

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