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Business, 01.12.2020 16:40 sarahhope55

On September 1, ABC Company borrowed $50,000 on a 6%, 9-month note payable to XYZ National Bank. Given no previous adjusting entries have been recorded, ABC's adjusting entry at December 31 would include a:. a. debit to Interest Expense of $3,000.
b. debit to Interest Expense of $2,250.
c. debit to Interest Expense of $1,000.
d. debit to Interest Expense of $750.

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