Multiple Choice
The following information was extracted from the financial records of Lewis Company. 
Based on this information, the journal entry Lewis Company should prepare to record interest expense during 2010 would include:
A) a credit to Interest Payable for $32,800.
B) a credit to Discount on Notes Payable for $24,000.
C) a credit to Cash for $28,000.
D) a credit to Notes Payable for $4,800.
Correct Answer:
Verified
Correct Answer:
Verified
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