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On November 1, 2024, New Morning Bakery signed a $197,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later

On November 1, 2024, New Morning Bakery signed a $197,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2025. New Morning Bakery should record which of the following adjusting entries at December 31, 2024? Multiple Choice Debit Interest Expense and credit Cash, $5,910 Debit Interest Expense and credit Cash, $1,970 Debit Interest Expense and credit Interest Payable, $5.910

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