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On October 1, Bramble's Accounting Service borrows $70000 from National Bank on a $70000, 3-month, 6% note. What entry must Bramble's Accounting make on December

On October 1, Bramble's Accounting Service borrows $70000 from National Bank on a $70000, 3-month, 6% note. What entry must Bramble's Accounting make on December 31 before financial statements are prepared? Interest Expense 4200 Interest Payable 4200 Interest Expense 1050 Notes Payable 1050 Interest Expense 1050 Interest Payable 1050 Interest Payable 1050 Interest Expense 1050

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