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Sandhill Company took out a loan on August 1,2025 and issued a 9-month note at 6% interest with a face value of $321,000. If Sandhill

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Sandhill Company took out a loan on August 1,2025 and issued a 9-month note at 6% interest with a face value of $321,000. If Sandhill accrues interest at its December 31,2025 year-end, what adjusting entry should Sandhill make to accrue interest on the note? Debit Interest Expense and credit Cash for. $8,025. Debit interest Expense and credit interest Payable for. $8,025. Debit interest Payable and credit interest Expense for, $14,445. Debit Interest Revenue and credit interest Expense for, $14,445

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