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On October 1, 2021, Highview Company borrows $202,000 on a three-year note that requires the company to pay 10% interest on March 31 and September 30 . On December 31,2021 , the adjusting entry to accrue interest on the note should debit: Multiple Choice Interest Expense and credit Cash for $10,100. Interest Expense and credit Interest Payable for $10,100. Interest Payable and credit Interest Expense for $5,050. Interest Expense and credit Interest Payable for $5,050