Marked out of 1.00 Flag question On September 1, Nidal borrows $150,000 from Arab Bank on a 4-month, $150,000, 6% note. What entry must Nidal make on December 31 before financial statements are prepared? a. Interest Expense Dr. 3,000 And Interest Payable Cr. 3,000. b. Interest Expense Dr. 3,000 And Notes Payable Cr. 3,000. c. Interest Expense Dr. 9,000 And Interest Payable Cr. 9,000. d. Interest Payable Dr. 3,000 And Interest Expense Cr. 3,000. arked out of 1.00 Flag question Jameel Company is a publicly held corporation whose $1 par value stock is actively traded at $64 per share. The company issued 3,000 shares of stock to acquire land recently advertised at $200,000. When recording this transaction, Jameel Company will a. debit Land for $192,000. b. credit Common Stock for $192,000. c. credit Paid-In Capital in Excess of Par for $196,000. d. debit Land for $200,000