Question: 14 Moving to another question will save this response. Question 19 Note Payable of $6,000 represents a loan that was taken on June 1,

14 Moving to another question will save this response. Question 19 Note

14 Moving to another question will save this response. Question 19 Note Payable of $6,000 represents a loan that was taken on June 1, 2019 at a yearly interest rate of 10%. The adjusting entry required on July 31st, 2019 will be: O Cash $200, credit Note Payable $200 Debit cash $6,000, credit Note Payable $6,000 Debit interest expense $150, credit Interest payable $150 Debit Interest Expense $100, credit Interest Payable $100 Moving to another question will save this response. AM 05002

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