Answer:
the year end adjusting entries are:
December 31, 2021, accrued interest on notes payable
Dr Interest expense 2,200
  Cr Interest payable 2,4200
Explanation:
Interest payable = principal x interest rate x time = $110,000 x 6% x 4/12 = $2,200
the journal entry to record the payment would include
Dr Notes payable 110,000
Dr Interest expense 1,100
Dr Interest payable 2,200
  Cr Cash 113,300
