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S. Glaus Corp. signed a three-month, zero-interest-bearing note on November 1, 2021 for the purchase of $250,000 of inventory. The face value of the note

S. Glaus Corp. signed a three-month, zero-interest-bearing note on November 1, 2021 for the purchase of $250,000 of inventory. The face value of the note was $253,675. Assuming Glaus used a ""Discount on Note Payable" account to initially record the note and that the discount will be amortized equally over the 3-month period, the adjusting entry made at December 31, 2021 will include a A) debit to Discount on Note Payable for $1,225. B) debit to Interest Expense for $2,450 credit to Discount on Note Payable for $1.255. credit to Interest Expense for $2,450.

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