On November 1, 2025, Ivanhoe Company borrowed $23300 from the High Country Bank, signing a 10%, 90-day note. Assuming the company's year-end is December 31, the January 30, 2026 journal entry to record payment of the note will include O a credit to Interest Payable for $388. a credit to Cash for $23300. a debit to Interest Expense for $583. a debit to Interest Expense for $201.

On November 1, 2025. Ivanhoe Company borrowed 323300 from the High Country Bank slining a 10k, 90 -day note Asauming the company's year-end is December 31 , the January 30,2026 journal entry to record payment of the note wili includn a credit to interest Payable for 5308. - eredit to Cash for $23300 adebit to interest Expense for 5502 a debit to interest Expense for $201