Question: Pegasus Corp. signed a three - month, 8% note on November 1, 2019 for the purchase of $210,000 of inventory. If Pegasus makes adjusting entries

Pegasus Corp. signed a three - month, 8% note on November

Pegasus Corp. signed a three - month, 8% note on November 1, 2019 for the purchase of $210,000 of inventory. If Pegasus makes adjusting entries only at the end of the year, the adjusting entry made at December 31,2019 will include a dollar.) (Do not round any intermediary calculations. Round your final answer to the nearest A. debit to Note Payable for $2,793 B. debit to Interest Expense for $4,200 C. debit to Interest Expense for $2,793 D. credit to Note Payable for $16,800

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