On October 1, Jane's Painting Service borrows $50,000 from National Bank on a 3-month, $50,000, 6%...

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On October 1, Jane's Painting Service borrows $50,000 from National Bank on a 3-month, $50,000, 6% note. What entry must Jane's Painting Service make on December 31 before financial statements are prepared? a. Interest Payable.... ....... 750 Interest Expense ............. 750 b. Interest Expense....... ........ 3,000 Interest Payable........... 3,000 c. Interest Expense ...... 750 Interest Payable.......... ...... 750 d. Interest Expense .... 750 Notes Payable........ ..... 750 Select one: O a. a. O b. b. c. C. d. d. On October 1, Jane's Painting Service borrows $50,000 from National Bank on a 3-month, $50,000, 6% note. What entry must Jane's Painting Service make on December 31 before financial statements are prepared? a. Interest Payable.... ....... 750 Interest Expense ............. 750 b. Interest Expense....... ........ 3,000 Interest Payable........... 3,000 c. Interest Expense ...... 750 Interest Payable.......... ...... 750 d. Interest Expense .... 750 Notes Payable........ ..... 750 Select one: O a. a. O b. b. c. C. d. d.