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  3. Study Set
    College Accounting Study Set 2
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    Exam 14: Notes Receivable and Notes Payable
  5. Question
    The Journal Entry to Record the Payment of a Discounted
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The Journal Entry to Record the Payment of a Discounted

Question 99

Question 99

True/False

The journal entry to record the payment of a discounted note at maturity is a debit to Notes Payable and Interest Expense, and a credit to Cash.

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