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On November 1, 2019, Thistle Do Knicely, Inc., borrowed $12,000 on a 5-month, 6% note payable, both interest and principal are due April 1, 2020.
On November 1, 2019, Thistle Do Knicely, Inc., borrowed $12,000 on a 5-month, 6% note payable, both interest and principal are due April 1, 2020. Which of the following is the correct December 31, 2019 adjusting entry to record interest on this note?
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