Skysong Industries borrows $17200 at 5% annual interest for six months on October 1, 2025. Which is the appropriate entry to accrue interest if Skysong has a December 31, 2025, year-end? Interest Expense Interest Payable Interest Expense Notes Payable Interest Expense Notes Payable Interest Expense Interest Payable 860 215 860 215 860 215 860 215

Skysong Industries borrows $17200 at 5% annual interest for six months on October 1, 2025. Which is the appropriate entry to accrue interest if Skysong has a December 31, 2025, year-end? Interest Expense Interest Payable 860 860 Interest Expense 215 215 Notes Payable Interest Expense 860 Notes Payable 860 Interest Expense 215 Interest Payable - 215