Moss County Bank agrees to lend the Sandhill Co. $455000 on January 1. Sandhill

Answer and Explanation:

The adjusting entry is as follows

Interest Expense ($455,000 × 6% × 6 months ÷ 12 months) $13,650

         To Interest payable

(Being interest expense is recorded)

here the interest expense is debited as it increased the expenses and credited the interest payable as it also increased the liabilities

The six months is calculated from Jan 1 to June 30

Turbulence is a sudden change in airflow. It can be caused by a number of factors. The most common cause is turbulent air in the atmosphere. Jet streams trigger sudden changes in wind speed that can rock the plane.

Explanation: