3 Little Elm Company borrowed $104,000 cash on September 1, 2022, and signed a one-year, 5% interest-bearing note payable. Assume no adjusting entries have been made during the year. Which of the following would be the required adjusting entry at the end of the December 31, 2022 accounting period? eBook Mc Graw Hill Multiple Choice O Account Title Interest expense Interest payable Account Title Notes payable Interest expense Cash Account Title Interest payable Interest expense Account Title Interest expense Interest payable Debit 5,200 Debit 104,000 5,200 Debit 1,733 Debit 1,733 Credit 5,200 Credit 109,200 Credit 1,733 credit 1,733

2 Lise Ein Compavy boriowed $104,000 ash on September 1, 2022, and signed a one yeac, 5% interest-bearing note poyable. Assume no adjusting enties herat been made durng the yeu. Which of the following would be the required acfusting entry at the end of the December 31,2022 accounting seriod? hecoust Title interest epehse. laterest poyatile. Tyecewht rixle Iyecrit exsense. interest pargble Debit credit 1,733 cate 1.733