1 On September 1, Sky Mountain Co. borrowed $200,000 on a 69 month note payable to Coast National Bank. Given no previous adjusting entries have been recorded, Sky Mountain's adjusting entry four months later at December 31 would include a Multiple Choice debit to interest Expense of $3000 debit to interest Expes of $4.000 clobit to interest Expense of $12.000 dobit to terest Expense of 50,000