Wisconsin Bank lends A Company $150,000 on November 1. A Company signs a $150,000, 3%, 4-month note. The fiscal year end of A Company is December 31. The journal entry made by A Company on December 31 is:A) DR Interest Expense $ 750; CR Cash $ 750
A.) debit interest payable and credit cash for $1,200
b.) debit interest expense and credit payable for $1,200
c.)Debit interest expense and credit cash for $1,200
d.)Debit interest payable and credit interest expense for $1,200
Answers: 1
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