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Question 8 5 pts Huey Company borrows $200,000 cash on November 1, 2019, by signing a 90-day, 9% note with a face value of $200,000.

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Question 8 5 pts Huey Company borrows $200,000 cash on November 1, 2019, by signing a 90-day, 9% note with a face value of $200,000. The note matures on January 30, 2020. The company's accounting period ends on December 31. (When calculating the amount of interest, assume a 360-day year.) What journal entry will the company record on December 31, 2019? Debit Interest Expense $1.500, credit Interest Payable $1,500 Debit Interest Expense $4,500; credit Interest Payable $4,500 Debit Interest Expense $3,000; credit Interest Payable $3,000 Debit Interest Expense $3,000; credit Cash $3,000

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