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a company borrows 1000 from bank on april 1 by signing a 1000, 12%, 30 day interest bearing note our company make when pays the

a company borrows 1000 from bank on april 1 by signing a 1000, 12%, 30 day interest bearing note our company make when pays the note on may 1 assuming no previous accrual of interestimage text in transcribedimage text in transcribed

1 hour, 4 Spletion Status Sits Estimated Warranty Liat Sebits Warranty Expense and credit Debits Warranty Expense and credits Est QUESTION 16 A company borrows $1,000 from a bank on April 1 by signing a our company make when it pays the note on May 1, assuming no Debits Accounts Payable for $1,000, debits Interest Expense for 57 O Debits Cash for $1,010, credits Notes Receivable for $1,000, and credits O Debits Notes Payable for $1,000, debits Interest Expense for $10, and Debits Notes Payable for $1,010 and credits Cash for $1,010 employer make to bits pay is estimated Warranty Liability Laits Warranty Expense Joo from a bank on April 1 by signing a $1,000, 12%, 30-day interest-bearing note pays the note on May 1, assuming no previous accrual of interest? $1,000, debits Interest Expense for $10, and credits Notes Payable for $1,010 Totes Receivable for $1,000, and credits Interest Revenue for $10 its Interest Expense for $10, and credits Cash for $1,010 45 Cash for $1,010 yroll (payroll exper punts, as

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