Multiple Choice
The Oven Store has a short-term note payable of $3,000. At maturity, the interest on the note is $200 and has not been accrued. The journal entry to record the payment of the note would include:
A) a debit to Note Payable for $3,000.
B) a credit to cash for $3,200.
C) a debit to interest expense for $200.
D) all of the above.
Correct Answer:
Verified
Correct Answer:
Verified
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