Sheets-Parrish Chapter 4 Homework Est Lengte 2:00:00 lan Newton Attempt 1 23 10. 11 12 13 14 15 16 37 18 19 20 2 21 22 AI 23 %1 24 For each of the following adjusting entries, identify whether the entry is correct. If it is not correct select the correct adjusting entry. If entry is correct, select "Entry is correct. DR Interest Expense 100 CR Interest Payable 100 Money borrowed from the bank carries an interest rate of 6% per year, Interest was last paid a month ago and is due again in another five months. The amount borrowed is $20,000. Entry is correct 21 DR Interest Expense 500 25 26 27 CR Interest Payable 500 81 201 29 1 EL O W DR Interest Expense CR Cash 100 100 DR Interest Expense 600 2 L 7 T Y 9 5 S D F 0 X C V T BL N 11 9 4 3 K L x