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    Exam 11: Current Liabilities and Payroll Accounting
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    The Entry to Record the Proceeds Upon Issuing an Interest-Bearing
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The Entry to Record the Proceeds Upon Issuing an Interest-Bearing

Question 54

Question 54

Short Answer

The entry to record the proceeds upon issuing an interest-bearing note is a. Interest Expense
Cash
Notes Payable

b. Cash
Notes Payable

c. Notes Payable
Cash

d. Cash
Notes Payable
Interest Payable

Correct Answer:

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