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1 points Saved Dilmunia company has a bank loan and has incurred (but not recorded) interest on this loan of $1,300 for the year ended

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1 points Saved Dilmunia company has a bank loan and has incurred (but not recorded) interest on this loan of $1,300 for the year ended December 31. Dilmunia Company will pay the interest 5 days after the year end. on January 5. Choose the correct adjusting entry on December 31, by Dimunia Company for this transaction? A Debit: Interest receivable $1,300; Credit: Interest payable $1,300 OB Debit: Interest expense $1,300Credit cash $1,300 Oc. Debit: Interest expense $1,300, Credit Credit: Interest revenue $1,300 ODDebit: Cash $1,300. Credit: interest revenue $1,300

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