Question 11 of 25 sembi View Policies Current Attempt in Progress Uncle David's Gifts signs a three-month note payable to help finance increases in inventory for the Christmas shopping season. The note is signed on November 1 in the amount of $75000 with annual interest of 6%. What is the adjusting entry to be made on December 31 for the interest expense accrued to that date, if no entries have been made previously for the interest? 750 Interest Expense Cash 750 Bed 750 INTERNSHI Interest Expense Notes Payable 750 1125 Interest Expense Interest Payable 1125 750 750 Interest Expense Interest Payable Submit Answer Attempts: 0 of 1 used