Question: The journal entry to pay off a 6 month note payable issued on October 1, 2019, where the correct adjusting journal entry was recorded on
The journal entry to pay off a 6 month note payable issued on October 1, 2019, where the correct adjusting journal entry was recorded on December 31, and due on April 1, 2020 would include a:
- A. Credit to notes payable
- B. Debit to interest payable
- C. Credit to interest expense
- D. Debit to cash
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