This would be an adjusting entry for interest expense, so what accounts will be involved? Choose the most complete answer that is technically correct.

his would be an adjusting entry for interest Brief Exercise 9-1 Record installment notes (LO9-2) xpense, so what accounts will be involved? On January 1,2018 , Corvallis Carnivals borrows $17,000 to purchase a delivery truck by agreeing to a 6%, five-yeas loan with the bank. Payments of $328.66 hoose the most complete answer that is Record the issuance of the note payable and the first monthly payment. (If no entry is required for a transaction/event, select "No journal entry chnically correct. Cash and interest expense A balance sheet liability and an income statement expense account Neither is correct Cash only