Camp Elim obtains a $125,000,6%, five-year loan for a new camp bus on January 1, 2021. What amount will be recorded for interest expense for the first month's payment on January 31,2021 ? Multiple Choice $625 $125 57,500 $1000 Westem Wear Clothing issues 1,100 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming the issue price is $11 per share, record the issuance of common stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Inurnal entrv worksheet Camp Elim obtains a $125,000,6%, five-year loan for a new camp bus on January 1, 2021. What amount will be recorded for interest expense for the first month's payment on January 31,2021 ? Multiple Choice $625 $125 57,500 $1000 Westem Wear Clothing issues 1,100 shares of its $0.01 par value common stock to provide funds for further expansion. Assuming the issue price is $11 per share, record the issuance of common stock. (If no entry is required for a particular transaction/event, select "No Journal Entry Required" in the first account field.) Inurnal entrv worksheet