Question: DOR Company borrowed $10,000 on October 1, 2018 and signed a 2 years note with a 6% annual interest rate. The company prepares its

DOR Company borrowed $10,000 on October 1, 2018 and signed a 2

DOR Company borrowed $10,000 on October 1, 2018 and signed a 2 years note with a 6% annual interest rate. The company prepares its financial statement yearly at December 31. The adjusting entry at the end of the year 2019 will include a: Debit of Interest Expense $75 O Debit of Interest Expense $150 Credit Interest Payable $600 O None of the options

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