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Business, 06.09.2021 17:40 engbarthcobie

Coronado Industries purchased equipment on November 1, 2020 and gave a 3-month, 9% note with a face value of $76000. The December 31, 2020 adjusting entry is a. debit Interest Expense and credit Interest Payable, $6840.
b. debit Interest Expense and credit Interest Payable, $1710.
c. debit Interest Expense and credit Cash, $1140.
d. debit Interest Expense and credit Interest Payable, $1140

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