Question: Question 29 2 Points On December 1, 2015, Old World Deli signed a $300,000,5%six month note payable with the amount borrowed plus accrued interest due

Question 29 2 Points On December 1, 2015, Old World Deli signed a $300,000,5%six month note payable with the amount borrowed plus accrued interest due six months tater on June 1, 2016. Old World Del should record which of the following adjusting entries at December 31 20157 Debit Interest Expense and credit Interest Payable, $7.500. Debit Interest Expense and credit Cash $7,500. B Debit Interest Expense and credit interest Payable, $1,250. D Debit interest Expense and credit Cash, 51,250

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