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Moss County Bank agrees to lend the Skysong Company $420000 on January 1 . Skysong Company signs a $420000,6%,9month note. The adjustment required if Skysong

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Moss County Bank agrees to lend the Skysong Company $420000 on January 1 . Skysong Company signs a $420000,6%,9month note. The adjustment required if Skysong Company prepares financial statements on June 30 includes a(n) Increase to Interest Expense and to Interest Payable for $12600. Increase to Interest Expense and a decrease to Cash for $12600. Decrease to Interest Payable and to Interest Expense for $12600. Decrease to Interest Payable and to Cash for $12600

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