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West County Bank agrees to lend Crane Company $268000 on January 1, Crane Company signs a $268000, 64, 6-month note. What is the adjusting entry

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West County Bank agrees to lend Crane Company $268000 on January 1, Crane Company signs a $268000, 64, 6-month note. What is the adjusting entry required Crane Company prepares financial statements on March 30? 4020 4020 8040 8040 Interest Payable Interest Expense Interest Expense Interest Payable Interest Expense Cash Interest Expense Interest Pays 8040 4020 4020

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