ABC Signed a 5-Year,9% Note Payable for $80,000 on May

question 75

Multiple Choice

ABC signed a 5-year,9% note payable for $80,000 on May 1,2012.Which account will be credited when the note paid at maturity?

• A) Note payable
• B) Interest expense
• C) Interest payable
• D) Cash

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Definitions:

Swirl

The movement of a fluid in a twisted or spiraling pattern, often occurring in natural systems like air currents and water bodies or in engineered applications.

Sediments

Particles of rock, minerals, or organic matter that have been transported and deposited by wind, water, or ice.

Suspended Load

Fine particles, generally clay and silt, that are carried suspended in moving water.

Low Density Particles

Particles that have a lower mass per unit volume compared to other particles or mediums.