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On October 1 , 2 0 2 2 , Sheridan Company issued an $ 8 3 7 0 0 0 , 1 2 % ,

On October 1,2022, Sheridan Company issued an $837000,12%,9-month interest-bearing note. If the Sheridan Company is preparing
financial statements at Decernber 31,2022, the adjusting entry for accrued interest will include a:
debit to Interest Expense of $37665.
credit to Notes Payable of $25110.
debit to Interest Expense of $25110
credit to Interest Payable of $50220.
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