Question: Multiple Select Question Select all that apply. On December 1, Campbell Co. borrowed $10,000 cash from Second Bank by signing a 90-day, 6% interest-bearing note.
Multiple Select Question
Select all that apply.
On December 1, Campbell Co. borrowed $10,000 cash from Second Bank by signing a 90-day, 6% interest-bearing note. On December 31, Campbell accrued interest expense of $50. Campbell does not use reversing entries. On March 1, the due date of the note, Campbell will record the payment with debit entries to which of the following accounts?
Multiple select question:
Cash for $10,150
Interest Payable for $50
Notes Payable for $10,000
Interest Expense for $100
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