Question: On October 1 , 2 0 1 8 , Highview Company borrows $ 2 0 , 0 0 0 on a one - year note

On October 1,2018, Highview Company borrows $20,000 on
a one-year note that requires the company to pay 5% interest on
March 31 and September 30. On March 31,2019, the adjusting entry
to accrue interest on the note should debit:

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