Question 3 3 pts On November 1, 2019, Davidson Courier Service, Inc. borrowed $65,000 from its bank. The loan bears interest at 6% annually, and all principal and interest are due 6 months from the borrowing date. What journal entry should Davidson Courier Service, Inc. make regarding this loan on December 31, 2019 (assuming that no entries have been made other than the original borrowing)? Credit ACCOUNT Interest expense Interest payable Debit 3,900 | 3.900 Credit ACCOUNT Interest expense Interest payable Debit 650 650 Credit ACCOUNT Interest expense Interest payable Debit 1,300 | 1,300 No entry is necessary since the note is not due until 2020. Question 4 3 pts The amount of net income from all prior periods that a company has not distributed to shareholders as dividends would be shown on the financial statements as: revenue dividends payable treasury stock retained earnings