Question 42 West County Bank agrees to lend Blossom Company $532000 on January 1. Blossom Company signs a $532000, 6%, 6-month note. What is the adjusting entry required if Blossom Company prepares financial statements on March 30? 15960 Interest Expense Cash 15960 15960 Interest Expense Interest Payable 15960 7930 7980 Interest Payable Interest Expense interest Expense Interest Payable 7980 7980 Question Attempts: 0 of 1 used SUBMIT