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Question 14 2011 motor 1.2018, WWW corporation issued an $800,000, 10%, nine-month interest-bearing note. Assuming...


Question 14 2011 motor 1.2018, WWW corporation issued an $800,000, 10%, nine-month interest-bearing note. Assuming Interest w
Question 14 2011 motor 1.2018, WWW corporation issued an $800,000, 10%, nine-month interest-bearing note. Assuming Interest was scored in payment of the note on July 1, 2019, will include a debit to interest Expense of $20,000 B.debt to Notes Payable of $360,000 C.debit to interest Payable of $60,000 D.credit to Cash of $800.000
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Note Payable Interest rate Duration $ 800,000 10% 9 Months Total interest on note payable $ 60,000 ($ 800,000 * 10%) /12 Mont

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