Question: A$75,000 note payable is signed on July 8 and is due in 60 days. The interest rate on the note is 4.5%. What is the


A$75,000 note payable is signed on July 8 and is due in 60 days. The interest rate on the note is 4.5%. What is the maturity date of this note and what journal entry would be made to pay the note off on the maturity date? (Round your answers to the nearest whole cent.) Date Account Titles Debit Credit Sept 6 Notes Payable 75,562.50 Cash 75,562.50 The maturity date is September 6th. Account Titles Date Debit Credit Sept 6 Notes Payable 75,000.00 Cash 75,000.00 The maturity date is September 6th. Account Titles Debit Date Credit Sept 6 Notes Payable 75,000.00 Interest Expense 562.50 Cash 75,562.50 The maturity date is September 6th. Credit Date Account Titles Debit Sept 7 Notes Payable 75,562.50 Cash 75,562.50 Account Titles Credit Date Debit Sept 7 75,000.00 Notes Payable Interest Expense 562.50 Cash 75,562.50 The maturity date is September 7th
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