24 of 54 (23 complete) This Test: 100 pts possible On June 1, Edison, Inc. borrowed $21,000 on a one-year Note Payable with an interest rate of 10% per year. It will repay the principal and interest at the end of the one-year period. The company makes accrual adjustments at the end of each month. The company should record interest expense of $2,100 on June 30. O O True False bon Click to select your answer. 1 tet andinn 701