When an Interest-Bearing Note Matures the Balance in the Notes

Multiple Choice

When an interest-bearing note matures the balance in the Notes Payable account is

A) less than the total amount repaid by the borrower.
B) the difference between the maturity value of the note and the face value of the note.
C) equal to the total amount repaid by the borrower.
D) greater than the total amount repaid by the borrower.