ON July 20X0, CriCo takes out 10%, $10000 note payable that is due on July 1, 20X1. No interest is accrued at year-end 20X0.

To correct this error in 20X0, you need to record just the adjusting entry that was not made because....

A.) an expense account is involved B.) no error was made recording the note payable on July 1, 20X0 C.) an accrual is involved rather that a deferral D.) the books have not be closed