QUESTION 33 On December 1. Miten Company borrowed 800.000 annual interest from the Tennessee National Bankinterest ispad when the loan matures one year from the orde. What is the adjusting entry for an interest at Milton would need to make on December 31, the calendar year end O A Debit interest Payable, 12.000 credit interest Expense 2000 Debt interest Expeme 12.000 credit rest Payable 12.000 O Debit interest Expenses 12.000 a $2.000 OD Debit interest Expense credit terest Payable 4.000 O Debit interest Expense 4.000 credere able 24.000 QUESTION 34 On November 1, esper Company owned another company 5100.000 at a 6.0% interest rate. The note receivable plus interest will not be collected until March of the following year. The company annual accounting period ends on December 31, and adjustments are only made at year end. The adjusting entry needed on December O A No entry required 1. Debt interest Eupen 5.000 credit interest Payable, 55.000 O Debit interest Expense 51.000 credit Note Payable, 51.000 O D.Debit interest Receive 550 credit interest Revenue, 5500 O Debit interest Receivable, credit interest Revenue 11,000