Orrect Question 12 0/1 pts Evans Corporation borrowed $180,000 on March 1, 2001, signing a one-year, 10% note payable to State Bank. The adjusting entry required on December 31, 2001, by Evans Corporation includes a debit to Interest Expense of $15,000. debit to Cash of $180,000 credit to Interest Revenue of $15.000. none of the options listed debit to Interest Payable of $18,000, Incorrect. Please review Top Ten Concept # 8. incorrect 0/1 pts Question 13 The receivables turnover and inventory turnover ratios are used to analyze profitability, Incorrect. Please review Top Ten Concept # 9. liquidity leverage long-term solvency