Question: Assume a business is preparing a journal entry to record the payment of a note at maturity. Choose the item that would indicate that interest

Assume a business is preparing a journal entry to record the payment of a note at maturity. Choose the item that would indicate that interest was accrued in a prior period.

a. Cash being debited at maturity

b. Cash being credited at maturity

c. Interest expense being debited at maturity

d. Interest expense being credited at maturity

e. Interest payable being debited at maturity

f. Interest payable being credited at maturity

g. Notes payable being debited at maturity

h. Notes payable being credited at maturity

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