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26. On October 1, 20X1 Marco signs aone-year,8% note payable for $10,000 with principle and interest due on October 1, 20X2. It is MarCo's only

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26. On October 1, 20X1 Marco signs aone-year,8% note payable for $10,000 with principle and interest due on October 1, 20X2. It is MarCo's only note outstanding. On October 1, 20X2 when the note is paid, MarCo deb- its Notes Payable and credits Cash for $10,800, the sum of principle and interest. This error is likely to be found because... a. the bank reconciliation will be out of balance when the check clears b. the trial balance will be out of balance by $800 c. the trial balance will show a balance in Notes Payable that is not normal d. interest expense will be understated While writing a check for $2,000 on April 26, 20X2 for a computer purchased aon the nurchase was made in 27

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