West County Bank Agrees To Lend Oriole Company $360000 On January 1. Oriole Company Signs A $360000, 8%, 6-Month Note. The Adjustment Required If Oriole Company Prepares Financial Statements On March 31 Includes A(N) Increase To Interest Expense And To Interest Payable For $7200. Decrease To Interest Payable And To Interest Expense For $7200 Decrease To
West County Bank agrees to lend Oriole Company $360000 on January 1. Oriole Company signs a $360000, 8%, 6-month note. The adjustment required if Oriole Company prepares financial statements on March 31 includes a(n)
Increase to Interest Expense and to Interest Payable for $7200.
Decrease to Interest Payable and to Interest Expense for $7200
Decrease to Interest Expense and to Cash for $14400.
Increase to Interest Expense and to Interest Payable for $14400.
