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96 Cuthill Corporation has 2 loans outstanding $9406 taken on Feb 1, 20x1 at 8% interest $24967 taken on Nov 30, 20x1 at 12% interest.

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96 Cuthill Corporation has 2 loans outstanding $9406 taken on Feb 1, 20x1 at 8% interest $24967 taken on Nov 30, 20x1 at 12% interest. The final year-end adjusting entry for interest expense for the year 20x1 will be Select one: a. A credit to interest expense of $ 1189 b. A credit to interest expense of $ 1126 c. A debit to interest expense of $ 939 d. A debit to interest expense of $ 877 Check

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