On October 1, Eli's Carpet Service borrows $125,000 from First District Bank on a 3-month, $125,000, 8% note. What entry must Eli's Carpet Service make on December 31 before financial statements are prepared? 2,500 2,500 Select one: a. Interest Expense.... Interest Payable. b. Interest Expense... Interest Payable C. Interest Expense.. Notes Payable..... 10,000 10,000 2,500 2,500 2,500 d. Interest Payable....... Interest Expense 2,500 Yanik Company's delivery truck, which originally cost $84,000, was destroyed by fire. At the time of the fire, the balance of the Accumulated Depreciation account amounted to $57,000. The company received $48,000 reimbursement from its insurance company. The gain or loss as a result of the fire was M on Select one: a. $36,000 loss. b. $21,000 loss. C. $36,000 gain. d. $21,000 gain. On 1/10/2018. Darcom company sold inventory of 74,000 accepting note receivable of five- month, 9% interest rate. What is the interest revenue of the Darcom company for 2019. Select one: a. $80,660 b. $1,665 C. $ 6,660 d. $1,110