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Question 29 Not yet answered Marked out of 1.00 P Flag question On November 1, Luna borrowed from Lumos, giving him a $36,000, 3 month,
Question 29 Not yet answered Marked out of 1.00 P Flag question On November 1, Luna borrowed from Lumos, giving him a $36,000, 3 month, 9% note, interest payable at maturity. Luna made no entry after November 1. What entry would Luna make on December 31, the end of the accounting period? Select one: A. Interest Payable Interest Expense 540 540 O B. Interest Expense Discount on Notes Payable 540 540 oc. Interest Expense Cash 540 540 D. Interest Expense Interest Payable 540 540
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