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2 On November 1. 2015, New Morning Back/y signed a $200,000. 6%. six-month note payable with the amount borrowed plus accrued interest due six months

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On November 1. 2015, New Morning Back/y signed a $200,000. 6%. six-month note payable with the amount borrowed plus accrued interest due six months after on May 1 7016 New Morning Bakery should record which of the following adjusting entries at December 31, 2015? (Do not round your intermediate calculations) Debit interest expense and credit interest payable. $6, 180 Debit interest expense and credit interest payable. $2, 060 Debit interest expense and credit cash. $6, 180 Debit interest expense and credit cash. $2, 060

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