SO2 A corporation issued a $ 50,000 , 9 % , 4-month note on July 1 . If the corporation ' s year-end is September 30 , then the adjusting entry for...
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2. (SO2)

A corporation issued a $50,000, 9%, 4-month note on July 1. If the corporation’s year-end is September 30, then the adjusting entry for interest on that

date is: a. Interest Expense 1,125 Notes Payable 1,125 b. Interest Expense 1,125 Interest Payable 1,125 c. Interest Expense 1,500 Notes Payable 1,500 d. Interest Expense 1,500 Interest Payable 1,500
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