Moss County Bank agrees to lend the Sadowski Brick Company $ 500,000 on January 1 . Sadowski Brick Company signs a $ 500,000 , 6 % , 9-month note .
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72.

Moss County Bank agrees to lend the Sadowski Brick Company $500,000 on January 1.Sadowski Brick Company signs a $500,000, 6%, 9-month note. The adjustment required if

Sadowski Brick Company prepares financial statements on June 30 includes a(n)a.Increase to Interest Expense and to Interest Payable for $15,000.b.Increase to Interest Expense and a decrease to Cash for $15,000.c.Decrease to Interest Payable and to Cash for $15,000.d.Decrease to Interest Payable and to Interest Expense for $15,000.
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Uploaded by: rabji

Subject: Accounting, Business

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