Pegasus Corp. signed a three-month, 10% note on November 1, 2019 for the purchase of $246,000 of inventory. If Pegasus makes adjusting entries only at the end of the year, the entry made at January 31, 2020 will include a ________. (Do not round any intermediary calculations. Round your final answer to the nearest dollar.)
A) debit to Note Payable for $246,000
B) debit to Interest Expense for $4,100
C) credit to Note Payable for $246,000
D) debit to Interest Expense for $6,150

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The Answer of Pegasus Corp. signed a three-month, 10% note on November 1, 2019 for the purchase of $246,000 of inventory. If Pegasus makes adjusting entries only at the end of the year, the entry made at January 31, 2020 will include a ________. (Do not round any intermediary calculations. Round your final answer to the nearest dollar.)
A) debit to Note Payable for $246,000
B) debit to Interest Expense for $4,100
C) credit to Note Payable for $246,000
D) debit to Interest Expense for $6,150