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Question 13 Not yet answered Time tastar Hamada Company borrows $20,000 on October from Arab bank by signing a $20,000, 10% six month note payable.
Question 13 Not yet answered Time tastar Hamada Company borrows $20,000 on October from Arab bank by signing a $20,000, 10% six month note payable. The Journal entry to record accrued interest at December 31, assuming adjusting entries are made only at the end of the year is O a Debit interest expense 2,000 and credit interest payable 2,000 O b. Debit interest payable 500 and credit interest expense. 500 Oc Debit interest expense 500 and credit interest payable 500 Od. Debit Interest expense 1,000 and credit interest payable 1,000 Marked out of 1.00 Flag question Next pag
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