On September 1,ABC Company Borrowed $50,000 on a 6%,9month Note

Multiple Choice

On September 1,ABC Company borrowed $50,000 on a 6%,9month note payable to XYZ National Bank.Given no previous adjusting entries have been recorded,ABC's adjusting entry four months later at December 31 would include a:

A) debit to Interest Expense of $750.
B) debit to Interest Expense of $1,000.
C) debit to Interest Expense of $3,000.
D) debit to Interest Expense of $2,250.