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On 1 October, Simon's Solar Service Borrows $150,000 from Statewide

Question 23

Multiple Choice

On 1 October, Simon's Solar Service borrows $150,000 from Statewide Bank on a 3 month, 4% note.
-The entry by Simon's Solar Service to record payment of the note and accrued interest on 1 January is:


A) On 1 October, Simon's Solar Service borrows $150,000 from Statewide Bank on a 3 month, 4% note. -The entry by Simon's Solar Service to record payment of the note and accrued interest on 1 January is: A) B) C) D)
B) On 1 October, Simon's Solar Service borrows $150,000 from Statewide Bank on a 3 month, 4% note. -The entry by Simon's Solar Service to record payment of the note and accrued interest on 1 January is: A) B) C) D)
C) On 1 October, Simon's Solar Service borrows $150,000 from Statewide Bank on a 3 month, 4% note. -The entry by Simon's Solar Service to record payment of the note and accrued interest on 1 January is: A) B) C) D)
D) On 1 October, Simon's Solar Service borrows $150,000 from Statewide Bank on a 3 month, 4% note. -The entry by Simon's Solar Service to record payment of the note and accrued interest on 1 January is: A) B) C) D)

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