Question: Current Attempt in Progress Moss County Bank agrees to lend the Ivanhoe Company $545000 on January 1. Ivanhoe Company signs a $545000, 6%, 9 month
Current Attempt in Progress Moss County Bank agrees to lend the Ivanhoe Company $545000 on January 1. Ivanhoe Company signs a $545000, 6%, 9 month note. Whatentry will Ivanhoe Company make to pay off the note and interest at maturity assuming that interest has been accrued to September 307 O Interest Expense Notes Payable Cash 24525 545000 569525 Notes Payable Interest Payable Cash 545000 24525 569525 Notes Payable Cash 569525 569525 Interest Payable Notes Payable Interest Expense 16350 545000 8175 569525
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