Complete a transactions for Dec

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Question - Interest on the bank loan is 2.75% annually. Interest has to be paid on January 7, 2021; for 2020. The entire amount of the loan ($4,000,000) was outstanding during the entire year. No payments were made during the year. Of the bank loan, $1,000,000 is due June 30, 2021 with the remainder due June 30, 2026. Complete a transactions for Dec 31, 2020?

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