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uestion 27 3 pts atrick Trash Haulers borrowed 42,000 on June 1, 2020. The loan had an interest rate of 5%. The principal is to

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uestion 27 3 pts atrick Trash Haulers borrowed 42,000 on June 1, 2020. The loan had an interest rate of 5%. The principal is to be repaid on pril 30, 2021 . They made the appropriate adjusting journal entries on December 31, 2021 - the last day of their fiscal year. their journal entry on December 31 would include: Debit Interest Expense $1,925. Credit Interest Payable $2,100. Credit Interest Expense $1,050. Credit Interest Payable $1,225. FO

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