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Multiple Choice Question 141 Uncle Tupelo's Gifts signs a three-month note payable to help finance increases in inventory for the Christmas shopping season. The note

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Multiple Choice Question 141 Uncle Tupelo's Gifts signs a three-month note payable to help finance increases in inventory for the Christmas shopping season. The note is signed on November 1 in the amount of $76600 with annual interest of 12%, what is the adyrting entry to be made on December 31 for the interest expense accrued to that date, a no entries have been mede prevoey for the interest? O Interest Expense 1532 Interest Payable 1532 1532 2298 532 532 Cash O Interest Expense 2298 Snterest Payable Interest Expense 1532 Notes Payable

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