Pegasus Corp. signed a three-month, 6% note on November 1, 2019 for the purchase of...
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Accounting
Pegasus Corp. signed a three-month, 6% note on November 1, 2019 for the purchase of $273,000 of inventory. If Pegasus makes adjusting entries only at the end of the year, the adjusting entry made at December 31, 2019 will include a (Do not round any intermediary calculations. Round your final answer to the nearest dollar) A debit to interest Expense for $2,730 B. debit to interest Expense for $4,096 C. credit to Note Payable for $16,380 D. debit to Note Payable for $2,730
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