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ABC Company borrowed $150,000 on November 1 of the current year for 90 days by signing a note. The face value of the note is
ABC Company borrowed $150,000 on November 1 of the current year for 90 days by signing a note. The face value of the note is $153,375. The company's accounting period follows the calendar year. The entry to record the payment of the note at maturity in the following year includes O a debit to Note Payable for $153,375. O a credit to cash for $150,000. O None of the answers are correct a debit to Interest Expense for $3,375
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