Question: undefined calculation? Starco signed a 8-year note payable on January 1, 2024, of $760,000. The note requires annual principal payments each December 31 of $95,000

undefined calculation? Starco signed a 8-year note payable on January 1, 2024, undefined

calculation?

Starco signed a 8-year note payable on January 1, 2024, of $760,000. The note requires annual principal payments each December 31 of $95,000 plus interest at 13%. The entry to record the annual payment on December 31, 2026, includes A. a credit to Cash of $193,800. B. a debit to Interest Expense for $74,100. O C. a credit to Notes Payable for $95,000. OD. a debit to Interest Expense for $98,800

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