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9 On November 1, 2020, ZOOM Trading signed a 120-day, 8% note payable with a face value of $180,000. The adjusting entry for the accrued
9 On November 1, 2020, ZOOM Trading signed a 120-day, 8% note payable with a face value of $180,000. The adjusting entry for the accrued interest at December 31 on the note would be? (Use 360 days a year.) OA Dr. Interest Payable $1,200 Cr. Interest Expense $1,200 OB. No adjusting entry is required. OC. Dr. Interest Expense $1,200 Cr. Interest Payable $1,200. OD. Dr. Interest Expense $2,400 Cr. Interest Payable $2,400 Moving to another question will save this response
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