Answer:
The overview of the given situation is described in the explanation segment below.
Explanation:
The Journal entry is give below:
<u> </u><u> Value at Current Decrease in Paid [A+B]</u>
<u> beginning value value [V] interest ($)</u>
<u> ($) ($) ($) ($) Decrease</u>
<u>Mar </u><u> 515,071 540,000 24,929 - 24,929</u>
<u />
June 540,000 520,000 -20,000 28,000 8,000
<u> (</u>
)
<u>Sept</u><u> 520,000 515,000 -5,000 - 5,000</u>
<u />
Dec 515,071 522,000 6,929 56,000 62,929
<u> (</u>
)