BDD Inc. converted a $5,000 Accounts payable with a Notes payable on December 1, 2015. The note is a 60 day note with an interest rate of 4%. What is included in the year end journal entry?  Debit to interest expense for $33 Credit to interest payable for $200 Credit to notes payable of $5,000 Debit to interest expense for $17

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The journal entry for the conversion of the 5000 accounts payable to a notes payable on December 1 2... View the full answer