7. Randal Company borrowed $105,000 cash on October 10, 2020, and signed a 120-day, 4%, note payable with interest payable at maturity. Which of the following would be the required adjusting entry on October 31, 20207 Use 360-day year and round your answer to the nearest dollar. a. Dr. Notes Payable 105,000 Dr. Interest Expense 245 Cr. Cash 105,245 b. Dr. Interest Expense 245 Cr. Interest Payable 245 c. Dr. Interest Payable 1.400 Cr. Interest Expense 1.400 d. Dr. Interest Expense 1,400 Cr. Interest Payable 1,400 8. Fox Company borrowed $27,000 cash on October 1, 2020, and signed a nine-month, 10%, note payable with interest payable at maturity. Assuming that adjusting entries have been made during the year, the amount of accrued interest payable to be reported on the December 31, 2020 balance sheet is? Round your answer to the nearest dollar. a $675 b. $900 c. $1.350 d. $2.025 e. $2,700 9. Light Company borrowed $24,000 cash on June 1, 2020, and signed an eight-month, 9%, note payable with interest payable at maturity. What is the amount of total interest expense on this note? Round your answer to the nearest dollar $1,080 b. $1,260 $1,440 d. $1,890 e. $2,160 c