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Question 1 (1 point) On October 1, 2021, Sunset & Vine Wine Shoppe borrows $150,000 from the High Country Bank on a 3-month, $150,000, 4%

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Question 1 (1 point) On October 1, 2021, Sunset & Vine Wine Shoppe borrows $150,000 from the High Country Bank on a 3-month, $150,000, 4% note. Use the following tabular analysis to record Sunset & Vine's adjustment on December 31 2021 before financial statements are prepared: A Payable E O Decrease to Notes Payable and a increase to interest Expense for $1,500. Increase to Interest Expense and an increase to Interest Payable for $6,000. Increase to Interest Expense and an increase to Interest Payable for $1.500. Increase to Interest Expense and an increase to Accounts Payable for $1,500

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