Ciao Incorporated borrowed $20,000 from the bank and received a 6 %, 90-day note payable on November

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Ciao Incorporated borrowed $20,000 from the bank and received a 6 %, 90-day note payable on November 1. On December 31 ^ (st) , the adjusting journal entry for this note includes: Credit Notes Payable for $200. Debit Interest Expense for $300. Credit Interest Payable for $200. Credit Cash for $300

Posted Date: May 18, 2024 09:13 AM

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Ciao Incorporated borrowed $20,000 from the bank and received a 6 %, 90-day note payable on November

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