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On September 1, 2021, Daylight Donuts signed a $190,000,9%, six month note payable with the amount borrowed plus occrued interest due six months later on

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On September 1, 2021, Daylight Donuts signed a $190,000,9%, six month note payable with the amount borrowed plus occrued interest due six months later on March 1, 2022 Dayight 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,55,700 Debit interest Payable, $2,850, Debit interest Expense, $8,550 Debit interest Expense, 52,850

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