Acompany is in its first month of operations. on january 1, the company borrows $10,000 from the bank. the bank charges annual interest of 12% on the borrowed amount. interest is due at the end of the year. what adjusting entry would be made at the end of january? post the adjusting entry for the scenario provided. (if no entry is required for a transaction/event, select "no journal entry required" in the first account field.)