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5 course Watunga County Bank agrees to lend Hoffman Granite Company $600,000 on January 1. Hoffman Granite Company signs a $60,000, 6%, 9-month note. The
5 course Watunga County Bank agrees to lend Hoffman Granite Company $600,000 on January 1. Hoffman Granite Company signs a $60,000, 6%, 9-month note. The entry made by Hoffman Granite on January 1 to record the proceeds and issuance of the note is 9 out of Question Select one: a. The answer does not exist b Cash... Interest Expense. Notes Payable 600,000 36,000 636,000 C Cash 600,000 Notes Payable 600,000 d. Cash.. Interest Expense.... Notes Payable Interest Payable 600,000 36,000 600,000 36,000 e Interest Expense Cash...... Notes Payable 36,000 564,000 600,000
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