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Moss County Bank agrees to lend the Ivanhoe Company $365000 on January 1. Ivanhoe Company signs a $365000, 6%, 9-month note. What is the adjusting

Moss County Bank agrees to lend the Ivanhoe Company $365000 on January 1. Ivanhoe Company signs a $365000, 6%, 9-month note. What is the adjusting entry required if Ivanhoe Company prepares financial statements on June 30?

Interest Payable 10950

Cash 10950

Interest Payable 10950

Interest Expense 10950

Interest Expense 10950

Cash 10950

Interest Expense 10950

Interest Payable 10950

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