On September 1, ABC Company borrowed $55,000 on a 6%, 9 month note payable to...
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Accounting
On September 1, ABC Company borrowed $55,000 on a 6%, 9 month note payable to XYZ National Bank. Given no previous adjusting entries have been recorded, ABC's adjusting entry four months later at December 31 would include a:
A.debit to interest expense of $825.
B.debit to interest expense of $1,100.
C.debit to interest expense of $3,300.
D.debit to interest expense of $2,475
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