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What entry must Sue Carpet Service make on December

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Question - On October1, 2020 Sue's Carpet Service borrows $ 125.000 from the Bank on a 3-month, $ 125.000, 8% note. What entry must Sue's Carpet Service make on December 31 before financial statements are prepared?

A) Interest Expense 2.500

Notes Payables 2.500

B) Interest Expense 10.000

Interest Payable 10.000

C) Interest Expense 2.500

Interest Payable 2.500

D) Interest Payable 2.500

Interest Expense 2.500

Reference no: EM132752775

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