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Question(s) / Instruction(s):

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 notes maturity date?  

a.            A credit to note payable for $20,400  

b)            B)A credit to cash for $10,000  

c.             A debit to interest expense for $133  

d.            A debit to interest payable for $133  


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