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7. Alsaif signed a three-month, 12%, note payable in the amount of SAR 50,000 on October 1. Prepare the adjusting entry on Oct. 31 to record the accrual of interest. a. Dr Interest expense 6,000 \& Cr cash 6,000 b. Dr Interest expense 500&Cr Interest payable 500 c. Dr Interest expense 500&Cr cash 500 d. Dr Interest expense 6,000&Cr Interest payable 5,000