A Company Borrows $5,000 on November 1, 2019, Giving a 10

question 64

Multiple Choice

A company borrows $5,000 on November 1, 2019, giving a 10%, 180-day note payable. The adjusting entry on December 31, 2019, would include a:

• A)credit to Interest Payable for $82.19.
• B)credit to Interest Payable for $123.29.
• C)credit to Interest Expense for $82.19.
• D)credit to Cash for $82.19.

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Definitions:

Cerebrospinal

Relating to or involving both the brain and the spinal cord.

Thorn

A sharp, pointed projection, usually found on the stems of certain plants, used as a defense mechanism.

Star-shaped

Having a shape reminiscent of a star, characterized by radiating points around a central body.

Bradykinesia

denotes a condition characterized by slowness in the initiation and execution of movement, often associated with Parkinson's disease.