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A 552,000, three-month, 9% note payable was issued on December 1, 2019. The adjusting entry to accrue interest on December 31, 2019 would inclu A

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A 552,000, three-month, 9% note payable was issued on December 1, 2019. The adjusting entry to accrue interest on December 31, 2019 would inclu A credit to Interest Payable for $390 A debit to Interest Payable $1,170 A credit to Notes Payable for $4.980 A debit to Interest Expense for $1,170

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