Question: 112. A 9% six-month note for $10,000 was recorded on October 1. What journal entry would be recorded at the year end of December 31
112. A 9% six-month note for $10,000 was recorded on October 1. What journal entry would be recorded at the year end of December 31 if interest is payable at maturity?
Please see the following information:
Interest Expense
900
Interest Payable
900
Please see the following information:
Interest Expense
225
Interest Payable
225
Please see the following information:
Note Payable
900
Interest Payable
450
Interest Expense
450
Please see the following information:
Interest Expense
450
Notes Payable
450
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