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Cuthill Corporation has 2 loans outstanding: $10260.16 taken on Feb 1, 20x1 at 8% interest $22746.75 taken on Nov 30, 20 times 1 at 12%

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Cuthill Corporation has 2 loans outstanding: $10260.16 taken on Feb 1, 20x1 at 8% interest $22746.75 taken on Nov 30, 20 times 1 at 12% interest The final year-end adjusting entry for interest expense for the year 20 times 1 will be: Select one A debit to interest expense of $911.48 A credit to interest expense of $1207.35 A credit to interest expense of 1138.95 A debit to interest expense of 979.88

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