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17 Manhattan Company recorded an adjusting entry to accrue interest owed of $1,200 as of December 31, Year 1. When the related note was paid
17 Manhattan Company recorded an adjusting entry to accrue interest owed of $1,200 as of December 31, Year 1. When the related note was paid during Year 2, the company paid $2,250 in interest. Which of the following journal entries correctly records this Year 2 transaction? (Assume that the entry to record the payment of the note itself was recorded in a separate journal entry) 1.28 points Multiple Choice Skipped 1,050 Interest expense Cash 1,050 eBook References Interest expense 2,250 Cash 2,250 Interest expense Interest payable Cash 1,050 1,200 2,250 o 2,250 Interest expense Cash Interest payable 1,200 1,050
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