Question: Test Question Help Starco signed a 8-year note payable on January 1, 2018, of $720,000. The note requires annual principal payments each December 31 of
Test Question Help Starco signed a 8-year note payable on January 1, 2018, of $720,000. The note requires annual principal payments each December 31 of $90,000 plus interest at 6%. The entry to record the annual payment on December 31, 2022, includes OA. a debit to Interest Expense for $43,200. OB. a credit to Cash of $133,200. OC. a credit to Notes Payable for $90,000. D. a debit to Interest Expense for $21,600. Click to select your
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