Question: UUJIUN. 02 Discountco signed a 7-year note payable on January 1, 2018, of 5630,000. The not requires annual principal payments each December 31 of 590.000
UUJIUN. 02 Discountco signed a 7-year note payable on January 1, 2018, of 5630,000. The not requires annual principal payments each December 31 of 590.000 plus interest at 10%. The entry to record the annual payment on December 31, 2010, includes OA a debit to Interest Expense for $54,000 B a debit to interest Expense for $63.000 c. a credit to Notes Payable for $90,000 OD a credit to Cash of $153,000 Click to select your
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