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Additional Information: 1. The Company paid 1,100 for a one-year insurance policy on july 1, 2022. 2. The note payable represents a 8 month, 8%

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Additional Information: 1. The Company paid 1,100 for a one-year insurance policy on july 1, 2022. 2. The note payable represents a 8 month, 8% loan obtained from The Bank \& Trust on October 1, 2022. The correct adjusting entry for number " 2 " above includes a: Additional Information: 1. The Company paid 1,100 for a one-year insurance policy on July 1,2022. 2. The note payable represents a 8 month, 8% loan obtained from The Bank \& Trust on October 1,2022. The correct adjusting entry for number " 2 " above includes a: Select one: a. Credit to Interest Payable for $348 b. Credit to Interest Expense for $132 c. The additional information from $2, above, does not need to be adjusted. d. Debit to Interest Expense for $132 e. Debit to Interest Payable for $132

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