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QUESTION 33 On September 1, Big Co. borrowed $200,000 on a 6%, 9-month note payable at Rico Bank. Given no previous adjusting entries have been
QUESTION 33 On September 1, Big Co. borrowed $200,000 on a 6%, 9-month note payable at Rico Bank. Given no previous adjusting entries have been recorded, Big's adjusting entry four months later at December 31 would include a: a. debit to Interest Expense of $9,000. b. debit to Interest Expense of $4,000. c debit to Interest Expense of $3,000. d. debit to Interest Expense of $12,jooo
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