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Adenire County Bank agree to lend Givena Brick Company SB00,000 on January 1. Given Brick Company signs 100.000,6%, math note. They made by Given trick

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Adenire County Bank agree to lend Givena Brick Company SB00,000 on January 1. Given Brick Company signs 100.000,6%, math note. They made by Given trick Company on January 1 to record the proceeds and issuance of the notes Internet Expense 48,000 Cash 752,000 Notes Payable 800,000 b. Cash 800,000 Noles Payable 800,000 GCash 800,000 Interest Expense 48,000 Notes Payable 848,000 d. Cash 800,000 Interest Expense 48,000 Notes Payable 800,000 Interest Payable 48,000 QUESTION 20 Interest expense on an interest-bearing note is a. always equal to zero. b. accrued over the life of the note c. only recorded at the time the note is issued d. only recorded at maturity when the note is paid

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