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On September 1, 2021, Daylight Donuts signed a $140,000.7%, six-month note payable with the amount borrowed plus accrued interest due six months later on March

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On September 1, 2021, Daylight Donuts signed a $140,000.7%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022. Daylight Donuts records the appropriate adjusting entry for the note on December 31, 2021. In recording the payment of the note plus accrued interest at maturity on March 1, 2022. Daylight Donuts would: (Do not round your intermediate calculations.) Multiple Choice Debit Interest Expense, $3,267 Debit Interest Payable, $1,633 Debit Interest Expense. $1,633 Debit Interest Expense. $4.900

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