Question: Note Payable has a normal beginning balance of $30,000. During the period, new borrowings total $63,000 and the ending balance in Note Payable is $41,000.

Note Payable has a normal beginning balance of $30,000. During the period, new borrowings total $63,000 and the ending balance in Note Payable is $41,000. Determine the payments on loans during the period. a. $ 8,000 b. $ 52,000 c. $134,000 d. $ 22,000

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