On January 1, 2020, $2010000, 10-year, 10% bonds, were issued for $1950000. Interest is paid annually on January 1. If the issuing corporation uses the straight-line method to amortize discount on bonds payable, the monthly amortization amount is O $2174. O $19500. O $6000. O $500. On October 1, Pharoah's Painting Service borrows $209000 from National Bank on a 3-month, $209000,4% note. What entry must Pharoah's Painting Service make on December 31 before financial statements are prepared? Interest Expense Interest Payable 8360 8360 Interest Expense 2090 Interest Payable 2090 0 2090 Interest Expense 2090 Notes Payable Interest Payable Interest Expense 2090 2090