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Moss County Bank agrees to lend the Crane Company $515000 on January 1. Crane Company signs a $515000, 6%, 9-month note. What is the adjusting

Moss County Bank agrees to lend the Crane Company $515000 on January 1. Crane Company signs a $515000, 6%, 9-month note. What is the adjusting entry required if Crane Company prepares financial statements on June 30?

A.Interest Payable15450Interest Expense15450

B. Interest Expense15450Cash15450

C. Interest Payable15450Cash15450

D. Interest Expense15450Interest Payable15450

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