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On September 1, Sky Mountain Company borrowed $59,000 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 Company borrowed $59,000 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 $2,655. debit to Interest Expense of $885. debit to Interest Expense of $1,180. O debit to Interest Expense of $3,540

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