Question: On January 1 , Year 1 , Burrows, Inc. received $ 8 , 9 0 0 and agreed to pay $ 1 0 , 0
On January Year Burrows, Inc. received $ and agreed to pay $ on January Year The market rate of interest is compounded annually. Assuming Notes Payable includes the accrued interest through yearend December Year the journal entry to record the payment of this note on January Year includes a BlankCheck all that apply. Multiple select question. $ credit to Cash $ credit to Cash $ debit to Notes Payable $ debit to Interest Expense $ credit to Cash $ debit to Notes Payable
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