On October 1, Swifty's Accounting Service borrows $71000 from National Bank on a $71000, 3-month, 6% note. What entry must Swifty's Accounting make on December 31 before financial statements are prepared? Interest Expense Notes Payable Interest Expense Interest Payable Interest Payable Interest Expense Interest Expense Interest Payable 1065 1065 1065 4260 1065 1065 1065 4260

On October 1, Swifty's Accounting Service borrows $71000 from National Bank on a $71000,3-month, 6% note. What entry must. Swifty's Accounting make on December 31 before financial statements are prepared? Interest Expense 1065 Notes Pryable 1065 Interest Expense 1065 Thterest payabie 1065 Interest Payable 1065 Interest Expense 1065 Interest Expense 4260 thterest Payable 4260