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On November 1, 2023, Malcolm Corporation borrowed $4,000 by issuing a 3- month, 5% note payable. The December 31, 2023 adjusting entry to accrue
On November 1, 2023, Malcolm Corporation borrowed $4,000 by issuing a 3- month, 5% note payable. The December 31, 2023 adjusting entry to accrue interest expense will include O a. a debit to Interest Expense for $200. O b. a credit to Cash for $50. Oc. a credit to Interest Payable for $33. O d. a debit to Note Expense for $17. Clear my choice
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