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28:24 Hilde Time ane National Bank agrees to lend Pina Colada Company $70000 on January 1. Pina Colada Company signs an $70000, 6-month 4% note.

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28:24 Hilde Time ane National Bank agrees to lend Pina Colada Company $70000 on January 1. Pina Colada Company signs an $70000, 6-month 4% note. What is the adjusting entry required if Pina lada Company prepares financial statements on June 302 1400 Interest Expense Interest Payable 1400 Interest Expense Cash 1400 1400 Interest Payable Cash 1400 1400 1400 Interest Payable Interest Expense 1400

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