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Question 7 On September 1, Vaughn's Painting Service borrows $163000 from National Bank on a 3-month, $163000, 6% note. What entry must Vaughn's Painting Service

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Question 7 On September 1, Vaughn's Painting Service borrows $163000 from National Bank on a 3-month, $163000, 6% note. What entry must Vaughn's Painting Service make on December 31 before financial statements are prepared? 2445 Interest Expense Interest Payable 2445 2445 Interest Expense Notes Payable 2445 2445 Interest Payable Interest Expense 2445 9780 Interest Expense Interest Payable 9780

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