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Sanford and Sons company borrows $100,000 on January 1st for 5 years with a 4% interest rate. Which account will Sanford and Sons debit at

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Sanford and Sons company borrows $100,000 on January 1st for 5 years with a 4% interest rate. Which account will Sanford and Sons debit at the end of the year to reflect the interest cost incurred? Interest Payable Interest Expense Interest Receivable Interest Revenue

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