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View POLICIS Current Attempt in Progress Oriole Company purchased equipment on November 1, 2020 and gave a 3-month, 12% note with a face value of

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View POLICIS Current Attempt in Progress Oriole Company purchased equipment on November 1, 2020 and gave a 3-month, 12% note with a face value of $83000. The December 31, 2020 adjusting entry is debit Interest Expense and credit Interest Payable. $1660. debit Interest Expense and credit Interest Payable, $2490. debit Interest Expense and credit Interest Payable, $9960 debit interest Expense and credit Cash $1660

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