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(Solved by Expert Tutors) On October 1, 2015, Attra Inc. borrows $212,000 on a three-year note tha


on March 31 and September 30. On December 31, 2015, the adjusting entry to accrue interest on the note should debit:


A)Interest Expense and credit Interest Payable for $6,360.


B)Interest Expense and credit Cash for $6,360.


C)Interest Payable and credit Interest Expense for $3,180.


D)Interest Expense and credit Interest Payable for $3,180.




 


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Apr 19, 2020

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