The Journal Entry to Record the Payment of an Interest-Bearing

question 111

Multiple Choice

The journal entry to record the payment of an interest-bearing note is

• A) debit Cash; credit Notes Payable
• B) debit Accounts Payable; credit Cash
• C) debit Notes Payable and Interest Expense; credit Cash
• D) debit Notes Payable and Interest Receivable; credit Cash

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Bread

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A principle in cognitive psychology that aims to minimize cognitive load by simplifying and optimizing mental processes.

Semantic Connections

The relationships between meanings of words or phrases, contributing to the understanding of language and thought.