On October 1, Coronado's Carpet Service borrows $346000 from First National Bankon a 6-month, $346000,7% note. Whatentry must Coronado's Carpet Service make on December 31 before financial statements are prepared? 12110 Interest Expense Interest Payable 12110 24220 Interest Expense Interest Payable 24220 12110 Interest Expense Notes Payable 12110 Interest Payable 12110 Interest Expense 12110 On September 1, Sunland's Painting Service borrows $161000 from National Bankon a 3-month, $161000, 4% note What entry must Sunland's Painting Service make on December 31 before financial statements are prepared? a 1610 Interest Expense Interest Payable 1610 1610 Interest Expense Notes Payable 1610 Interest Expense 6440 Interest Payable 6440 Interest Payable 1610 Interest Expense 1610