Question: The Journal Entry for Interest-Bearing Notes upon maturity date should be: a. Debit: Notes Payable and Accounts Payable, Credit: Cash b. None of the choices

The Journal Entry for Interest-Bearing Notes upon maturity date should be: a. Debit: Notes Payable and Accounts Payable, Credit: Cash b. None of the choices c. Debit: Notes Payable and Interest Expense, Credit: Cash d. Debit: Interest Expense and Interest Payable, Credit: Notes Payable

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