On october 1, 2018, pennington company issued a $90,000, 10%, nine-month interest-bearing note. if the pennington company is preparing financial statements at december 31, 2018, the adjusting entry for accrued interest will include a:
a. credit to notes payable of $2,250.
b. debit to interest expense of $2,250
c. credit to interest payable of $4,500.
d. debit to interest expense of $3,375.
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On october 1, 2018, pennington company issued a $90,000, 10%, nine-month interest-bearing note. if t...
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