A $20,000, 90-day, 8% note payable was issued on November 1, 2015. Which of the following would be included in the journal entry required on the note's maturity date? Oa credit to note payable for $20,400 Oa credit to cash for $10,000 O a debit to interest expense for $133 Oa debit to interest payable for $133

A $20,000, 90-day, 8% note payable was issued on November 1, 2015. Which of the following would be included in the journal entry required on the note's maturity date? Oa credit to note payable for $20,400 Oa credit to cash for $10,000 O a debit to interest expense for $133 Oa debit to interest payable for $133

FINANCIAL ACCOUNTING

10th Edition

ISBN:9781259964947

Author:Libby

Publisher:Libby

Chapter1: Financial Statements And Business Decisions

Section: Chapter Questions

Problem 1Q

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