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Pegasus Corp. signed a three-month, zero-interest-bearing $313,000 note on November 1, 2023 for the purchase of $250,000 of inventory. If Pegasus makes adjusting entries

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Pegasus Corp. signed a three-month, zero-interest-bearing $313,000 note on November 1, 2023 for the purchase of $250,000 of inventory. If Pegasus makes adjusting entries only at the end of the year, the adjusting entry made at December 31, 2023 will include a A. credit to Interest Expense for $42,000 B. debit to Interest Expense for $42,000 C. credit to Note Payable for $21,000 D. debit to Note Payable for $21,000

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