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48) On October 1, Sam's Painting Service borrows $209000 from National Bank on a 3-month, $209000, 4% note. What entry must Sam's Painting Service make

48)

On October 1, Sam's Painting Service borrows $209000 from National Bank on a 3-month, $209000, 4% note. What entry must Sam's Painting Service make on December 31 before financial statements are prepared?

A)Interest Expense 2090

Notes Payable2090

B)Interest Payable 2090

Interest Expense2090

C)Interest Expense 8360

Interest Payable8360

D)Interest Expense 2090

Interest Payable2090

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