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8280000 On September 1, 2021. Sea Girt Inc. arees to accept a $10.000.3% 5 month note in settlement of an existing customer and others were plus interest is due in full on February 1, 2022 AL December 31, Sea Git makes the appropriate entry to accrue Wrest on the note. The entry to recorded on February 1, 2022 would include a credit to Interest Revenue for $25. Cash for $10.125 Notes Receivable for $10.125. Interest Receivable for $125 1 167 points On November 1, 2021. Spring Lake Co purchased a piece of land with plans to construct a new building. No plans for the building will begin until 2022 AL December 31, 2021 he amount of depreciation expense recorded on the land would be equalto The entire cost of the land would be expensed in 2021 the cost of the land, minus any salvage value, divided by its expected useful life . the cost of the land, divided by its expected useful life. prorated for only 2 months out of 12 in 2021 No depreciation expense would be recorded on the land in 2021