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Spangler's year-end is December 31 on December 1, 20x6 spangler borrowed $10,000 on a one-year Ioan. Interest on this loan accrues at 1% per month

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Spangler's year-end is December 31 on December 1, 20x6 spangler borrowed $10,000 on a one-year Ioan. Interest on this loan accrues at 1% per month The addurting Journal entry to record on December 31, 20x6 would include: o o o o o a debit to interest Payable for t 100... a debit to Note Payable for t 100.. None of there a credit to interest Expense for $1,000 a Debit to interest Expense for $1,000

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