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On September 1, Sky Mountain Company borrowed $65,000 on a 6%, 9-month note payable to Coast National Bank Given no previous adjusting entries have been recorded, Sky Mountain's adjusting entry four months later at December 31 would include a Multiple Choice debit to interest Expense of $1300 debit to interest Expense of $975 debit to interest Expense of $2.925 debit to interest Expense of $3.900