Question 1 Spaints Shum Company income statement, the balance for sale, atemporary accounts 120.000 m December 2016 and 70.000 af December 31, 2019 What is the balance in sales on the incassato begening of business on anary 1, 2020 AO 320,000 C70,000 0.50.000 None of the above das Moving to the next preves changes to this answer Company X has incurred $2,000 of interest expense? What is the adjusting journal entry to record this adjustment? A.Dr. Interest Expense 2000; Cr. Interest Payable 2000 B.Dr. Interest Revenue 2000; Cr. Interest Receivable 2000 C. Dr. Interest Expense 2000; Cr. Interest Revenue 2000 D.Dr. Interest Payable 2000; Cr. Interest Expense 2000 E.None of the above