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Alure Company lends $80000 on January 1 for 9-month at 5% annually, Company B records show? Select one: a. Debit Cash 80000, Credit Interest Expense

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Alure Company lends $80000 on January 1 for 9-month at 5% annually, Company B records show? Select one: a. Debit Cash 80000, Credit Interest Expense 3000, Credit Notes Payable 80000, Credit Interest Payable 3000. b. Debit Interest Expense 3000, Credit Cash 77000, Credit Notes Payable 80000. C. Debit Cash 80000, Credit Notes Payable 80000. d. Debit Cash 80000, Credit Interest Expense 3000, Notes Payable 83000

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