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On October 1, Tamarisk's Accounting Service borrows $73000 from National Bank on a $73000, 3-month, 6% note. What entry must Tamarisk's Accounting Service make on

On October 1, Tamarisk's Accounting Service borrows $73000 from National Bank on a $73000, 3-month, 6% note. What entry must Tamarisk's Accounting Service make on December 31 before financial statements are prepared?

Interest Payable 1095
Interest Expense 1095
Interest Expense 4380
Interest Payable 4380
Interest Expense 1095
Interest Payable 1095
Interest Expense 1095
Notes Payable 1095

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