Pegasus Corp

question 108

Multiple Choice

Pegasus Corp. signed a three-month, 6% note on November 1, 2019 for the purchase of $260,000 of inventory. If Pegasus makes adjusting entries only at the end of the year, the adjusting entry made at December 31, 2019 will include a ________. (Do not round any intermediary calculations. Round your final answer to the nearest dollar.)

• A) debit to Note Payable for $2,600
• B) debit to Interest Expense for $2,600
• C) credit to Note Payable for $15,600
• D) debit to Interest Expense for $3,900

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Unwanted, often distressing, thoughts or images that spontaneously enter a person's mind, causing discomfort or anxiety.

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An individual's emotional or behavioral response to a specific event or situation based on their personal feelings or thoughts.

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