HORT Question 4 On October 1. Concord Carpet Services $347000 from First District Bank a 3 months 43000, Whatentry must concret service make on December 31 for Financial statement are prepared Interest Expense 6860 Interest Payable SED Interest 6560 Interest Expense 5860 6560 Notes Payable 6560 interest Expense 27440 27440 Question 5 Most companies pay current liabilities O out of current assets. O by creating long-term liabilities. O by issuing stock. O by issuing interest-bearing notes payable. HINK TO TFVT