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On November 1, 2021, New Morning Bakery signed a $204.000, 6% se month note months later on May 1, 2022. mount somed plus sccrued interest

On November 1, 2021, New Morning Bakery signed a $204.000, 6% se month note months later on May 1, 2022. mount somed plus sccrued interest due sie New Morning Bakery should record which of the following adjusting entries at December 31, 20217 (De not round your intermediate calculations.) Multiple Choice Debit interest Expense and credit Cash, $6,120. Debit interest Expense and credit Interest Payable, $6.120. Debit Interest Expense and credit Cash, $2,040. Debit Interest Expense and credit Interest Payable, $2,040. < Prev 39 of 50 Next >

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