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Moss County Bank agrees to lend the Sadowski Brick Company $500,000 on January 1. Sadowski Brick Company signs a $500,000, 6%. 9-month note. What is

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Moss County Bank agrees to lend the Sadowski Brick Company $500,000 on January 1. Sadowski Brick Company signs a $500,000, 6%. 9-month note. What is the adjusting entry required if Sadowski Brick Company prepares financial statements on June 30? A) Interest Payable Cash B) Interest Expense Cash C) Interest Payable cash D) Interest Payable Interest Expense D) Interest Expense Cash Which of the following most likely would be classified as a current liability? A) Dividends payable B) Bonds payable in 5 years C) Mortgage payable as a single payment in 10 years D) year notes payable

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