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A business makes a payment of $1,200 on a note payable, consisting of a $200 interest payment and a $1,000 principal payment. Which of the

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A business makes a payment of $1,200 on a note payable, consisting of a $200 interest payment and a $1,000 principal payment. Which of the following journal entries would be recorded? Notes payable 1,000 interest expense 200 Cash 1,200 Cash 1,200 Notes payable 1,000 Interest expense 200 Notes payable 1,200 Cash 1,000 200 Interest expense Cash 1000

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