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The Adjusting Entry at December 31, 2009, with Respect to This

Question 58

Multiple Choice

The adjusting entry at December 31, 2009, with respect to this note included:


A) A debit to Interest Expense for $18,000.
B) A credit to Cash for $18,000.
C) A credit to Notes Payable for $18,000.
D) A credit to Interest Expense for $18,000.

Correct Answer:

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