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On September 1, Bonita's Painting Service borrows $145000 from Highlands Bank on a 4-month, $145000, 6 % note. What entry must Bonita's Painting Service

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On September 1, Bonita's Painting Service borrows $145000 from Highlands Bank on a 4-month, $145000, 6 % note. What entry must Bonita's Painting Service make on December 31 before financial statements are prepared? Interest Payable 2900 Interest Expense 2900 Interest Expense 2900 Interest Payable 2900 Interest Expense 2900 Notes Payabl 2900 Interest Expense 8700 Interest Payable 8700

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