The entry to record accrued interest payable on December 31 on a 90-day, 6% note, issued for $8,000 on December 10 would include a:

a. credit to Accrued Interest Payable for $28.
b. credit to Discount on Notes Payable for $28.
c. credit to Interest Expense for $120.
d. debit to Accrued Interest Payable for $28.
e. credit to Interest Expense for $28.


a

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