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On October 1, Blossom's Painting Service borrows $195000 from National Bank on a 3-month, $195000,4% note. What entry must Blossom's Painting Service make on December

On October 1, Blossom's Painting Service borrows $195000 from National Bank on a 3-month, $195000,4% note. What entry must Blossom's Painting Service make on December 31 before financial statements are prepared? O Interest Payable Interest Expense 1950 1950 Interest Expense 7800 Interest Payable 7800 O Interest Expense 1950 Notes Payable 1950 O Interest Expense 1950 Interest Payable 1950image text in transcribed

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