Question: 47 On August 1, a $30,000, 6%, 3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued

47 On August 1, a $30,000, 6%, 3-year installment note payable

47 On August 1, a $30,000, 6%, 3-year installment note payable is issued by a company. The note requires equal payments of principal plus accrued interest of $11,223.34. The entry to record the first payment on July 31 would include: 2.73 points Multiple Choice ( 8 01:27:13 Debit to Notes Payable of $11,223.34 O Debit to Interest Expense of $1,800. O Debit to Cash of $11,223.34. O Credit to Notes Payable of $11,223.34 O Credit to Cash $9,423.34

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