Question: ABC signed a 5-year, 9% note payable for $80,000 on May 1, 2012. Which account will be credited when the note paid at maturity? Your

ABC signed a 5-year, 9% note payable for $80,000 on May

ABC signed a 5-year, 9% note payable for $80,000 on May 1, 2012. Which account will be credited when the note paid at maturity? Your answer: Note payable Interest expense Interest payable Cash rio

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