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On October 1st 2022, Dr. Pepper signed a 5 month note payable with principle of $1,000 and an annual interest rate of 12%. In the

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On October 1st 2022, Dr. Pepper signed a 5 month note payable with principle of $1,000 and an annual interest rate of 12%. In the adjusting journal entry to record interest expense on 12/31/2022 (first year), which account will be credited for $30 ? Note receivable Interest payable Interest expense Cash

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