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On December 1, 2021. Smith Corporation signed a $300,000,5%, 6-month note payable. The amount borrowed plus accrued interest is due on June 1.2022. The company's

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On December 1, 2021. Smith Corporation signed a $300,000,5%, 6-month note payable. The amount borrowed plus accrued interest is due on June 1.2022. The company's year-end is December 31. What adjusting entry should the company make on December 31, 2021 to record accrued more on the me? Multiple Choice Account Interest Expense Cash Debit Credit 1250 1.250 Account Interest Expense Interest Payable Debit Credit 1.250 1,250 Account Interest Expense Cash Debit Credit 7.500 7,500 . Account Debit Credit TEA RE

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