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8 On 1 Dec. 2020, Segma Trading Co. borrowed $150,000 for 90 days at 5% by signing a note payable on the same amount. Required:

8 On 1 Dec. 2020, Segma Trading Co. borrowed $150,000 for 90 days at 5% by signing a note payable on the same amount. Required: Select the right journal entry to record the payment of the note at its maturity date. Dr. Note Payable $150,000 Dr. Interest Expence $1,250 Cr. Cash Dr. Cash $151,875 Cr. Note Payable $151,250 $150,000 Cr. Interest Expence $1,250 Cr. Interest Payable $625 Dr. Note Payable $150,000 Dr. Interest Expence $1,875 Cr. Cash $151,875 Dr. Note Payable $150,000 Dr. Interest Expence $1,250 Dr. Interest Payable $625 Cr. Cash $151,875

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