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Business, 21.03.2020 02:18 bryanawesome23

Moss County Bank agrees to lend the Sadowski Brick Company $500,000 on January 1. Sadowski Brick Company signs a $500,000, 6%. 9-month note. What is the adjusting entry required if Sadowski Brick Company prepares financial statements on June 30?
A) Interest Payable Cash
B) Interest Expense Cash
C) Interest Payable cash
D) Interest Payable Interest Expense
E) Interest Expense

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Moss County Bank agrees to lend the Sadowski Brick Company $500,000 on January 1. Sadowski Brick Com...
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