Question: Question Mode Multiple Choice Question On December 1 , Hansen Co . borrows $ 1 0 0 , 0 0 0 cash from National Bank

Question Mode
Multiple Choice Question
On December 1, Hansen Co. borrows $100,000 cash from National Bank by signing a 90-day, 6% interest-bearing note. On December 31, Hansen will record an adjusting entry by debiting interest expense in the amount of Blank______.
Multiple choice question.
$500
$6,000
$1,500
$4,500

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