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2 16 On May 22, Jarrett Company borrows $8,300, signing a 90-day, 8%, $8,300 note. What is the journal entry made by Jarrett Company
2 16 On May 22, Jarrett Company borrows $8,300, signing a 90-day, 8%, $8,300 note. What is the journal entry made by Jarrett Company to record the payment of the note on the maturity date? Multiple Choice points Debit Notes Payable $8,300; credit interest Expense $166; credit Cash $8,134 Debit Notes Payable $8,300; credit Cash $8,300. Debit Notes Payable $8,466 credit Cash $8,466 Debit Notes Payable $8,300, debit interest Expense $166, credit Cash $8,466. Debit Cash $8,466: credit interest Revenue $166. credit Notes Receivable $8,300
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