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49. On October 1, Eli's Carpet Service borrows 125,000 from First Bank on a 3-month, 125,000, 8% note. What entry must Eli's Carpet Service make

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49. On October 1, Eli's Carpet Service borrows 125,000 from First Bank on a 3-month, 125,000, 8% note. What entry must Eli's Carpet Service make on December 31 before financial statements are prepared? Select one: Ab. Interest Expense. Interest Payable... D B.C. Interest Expense. Interest Payable... Ca. Interest Payable. interest Expense D. d. Interest Expense... Notes Payable 10,000 10,000 2,500 2.500 2,500 2,500 2,500 2.500 71. A cash register tape shows cash sales of HK$3,000 and sales taxes of HK$240. The journal entry to record this information is Select one: a. b. Cash Sales Taxes Payable.. Sales Revenue. b.a Cash Sales Revenue. 0 cc Cash Sales Tax Expenses Sales Revenue o d.d. Cash Sales Revenue Sales Tax Revenue 3,240 240 3.000 3,240 3,240 3.000 240 3,240 3,240 3,000

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