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On September 1, Sky Mountain Co borrowed $51,000 on a 8%, 9-month note payable to const National Bank. Given no previous adjusting entries have been

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On September 1, Sky Mountain Co borrowed $51,000 on a 8%, 9-month note payable to const National Bank. Given no previous adjusting entries have been recorded Sky Mountain's adjusting entry four months later at December 31 would include: Multiple Choice debit to interest Expense of $1,020 debit to interest Expense of $1380 bit to interest Expense o of $4,000 debit to interest Expense of 53,060

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