Bonds

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\fWest County Bank agrees to lend Drake Builders Company $400,000 on January 1 . Drake Builders Company signs a $400 , 000 , 6% , 6 - month note . What is the adjusting entry required if Drake Builde Company prepares financial statements on March 30 a . Interest Expense .. 12000 Interest Payable 12000 b . Interest Expense .......... 12 000 Cash . 12000 19 0 04 0 0 40 0 C . Interest Expense 6000 Interest Payable ... 6000 d . Interest Payable .... 6000 Interest Expense ...... 6000