Metlock Industries borrows $16000 at 7 annual interest for six months on October 1, 2025 Which is the appropriate entry to accrue interest if Metlock has a December 31, 2025, year end Interest Expense 280 Notes Payable 280 Interest Expense 280 Interest Payable 280 Interest Expense 1120 Interest Payable 1120 Interest Expense 1120 Notes Payable 1120

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Metlock Industries borrows $16000 at 7% annual interest for six months on October 1, 2025. Which is the appropriate entry to accrue interest if Metlock

Metlock Industries borrows $16000 at 7% annual interest for six months on October 1, 2025. Which is the appropriate entry to accrue interest if Metlock has a December 31, 2025, year-end?

Interest Expense	280
Notes Payable			280

Interest Expense	280
Interest Payable			280

Interest Expense	1120
Interest Payable			1120

Interest Expense	1120
Notes Payable			1120

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