Recall that Cookie Creations borrowed $2,000 from Natalies grandmother. Natalie now is thinking of repaying all amounts

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Recall that Cookie Creations borrowed $2,000 from Natalie’s grandmother. Natalie now is thinking of repaying all amounts outstanding on that loan. She needs to know the amounts of interest payable and interest expense and needs to make the correct journal entries for repayment of the loan.

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