A $46,000,four-Month,7% Note Payable Was Issued on October 1,2017

question 145

Multiple Choice

A $46,000,four-month,7% note payable was issued on October 1,2017.Which of the following would be included in the journal entry required on the note's maturity date by the borrower? (Do not round any intermediate calculations,and round your final answer to the nearest dollar. )

• A)a credit to Note payable for $47,073
• B)a credit to Cash for $46,000
• C)a debit to Interest expense for $268
• D)a debit to Interest payable for $268

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Definitions:

Schizotypal Disorder

A psychological condition marked by extreme fear in social situations, disorganized thinking, paranoia, feelings of unreality, temporary psychotic episodes, and frequently, non-traditional beliefs.

Somatoform Disorders

A group of psychological disorders in which patients experience physical symptoms that have no identifiable physical cause, believed to be linked to psychological factors.

Schizophrenia

A chronic mental disorder characterized by delusions, hallucinations, disorganized speech, and a loss of contact with reality.

Perfectionism

A personality trait characterized by a person's striving for flawlessness and setting excessively high performance standards.