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On September 1, Sky Mountain Co. borrowed $58,000 on a 6%, 9-month note payable to Coast National Bank Given no previous adjusting entries have been

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On September 1, Sky Mountain Co. borrowed $58,000 on a 6%, 9-month note payable to Coast National Bank Given no previous adjusting entries have been recorded, Sky Mountain's adjusting entry four months later at December 31 would include a Multiple Choice debit to Interest Expense of $870 debit to Interest Expense of $3.480 Oo oo debit to Interest Expense of $2610 debit to Interest Expense of $1160

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