On the Maturity Date,the Payee of a Note Will

question 80

Multiple Choice

On the maturity date,the payee of a note will:

• A) debit Cash, credit Note Receivable and Interest Revenue
• B) debit Cash, credit Note Payable and Interest Expense
• C) debit Cash, credit Note Receivable and Interest Expense
• D) debit Cash, credit Note Payable and Interest Revenue

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Definitions:

Behavior Changes

modifications or adjustments in actions or reactions of an organism due to various factors like learning or adaptation.

Learning

The acquisition of knowledge, skills, attitudes, or behaviors through study, experience, or teaching.

Permanent

Permanent describes a state or condition that is intended to last or remain unchanged indefinitely, without an endpoint.

Learning

A process that results in a relatively permanent change in behavior or knowledge, due to experience.