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    Business
  3. Study Set
    College Accounting
  4. Exam
    Exam 16: Notes Payable and Notes Receivable
  5. Question
    The Journal Entry to Record the Payment of the Amount
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The Journal Entry to Record the Payment of the Amount

Question 37

Question 37

True/False

The journal entry to record the payment of the amount due on a $4,000 face value, 60-day, 6 percent note, would include a debit to Notes Payable for $4,000.

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