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On October 1, Sam's Painting Service borrows $146000 from National Bank on a 3-month, $146000, 4% note. Sam's Painting Service's adjustment on December 31 before

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On October 1, Sam's Painting Service borrows $146000 from National Bank on a 3-month, $146000, 4% note. Sam's Painting Service's adjustment on December 31 before financial statements are prepared includes a(n) O Increase to Interest Expense and an increase to Interest Payable for $5840. Decrease to Interest Payable and a decrease to Interest Expense for S1460. O Increase to interest Expense and an increase to Interest Payable for $1460. O Increase to Interest Expense and an increase to Notes Payable for $1460

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