False 5 0points earned US Bank agrees to lend $100,000 on September 1, 2022 to XYZ Co. XYZ signs a $100,000,12%, four-month note maturing on January 1, 2023. The adjusting entry prepared by XYZ co. to recognize the interest on December 31st,2022 would be: Debit to Interest Exp. for $100,000; Credit to Notes Payable for $100,000 Debit to Interest Exp. for $4,000; Credit to Interest Payable for $4,000 Debit to Interest Payable for $4,000; Credit to Interest Exp. for $4,000 Debit to Notes Payable for $100,000; Credit to Interest Exp. for $100,000 16 point earned Delta Company sold (issued) 26,000 shares of its $1 par value common stock at a cash price of $12 per share. The entry to record this transaction would be: Debit to Common Stock for $26,000; debit to Additional Paid-in Capital for $286,000; credit to Cash for $312,000