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An Analysis of Zuhoor Muscat Company accounts shows an adjusting entry for interest incurred of RO 2,500 for a note payable was recorded by mistake
An Analysis of Zuhoor Muscat Company accounts shows an adjusting entry for interest incurred of RO 2,500 for a note payable was recorded by mistake as an increase in interest payable account and a decrease in notes payable account for that amount. The correcting entry should include: Select one: O a. Cr. Interest Payable for RO 2,500 O b. Dr. Cash for RO 2,500 O c. Dr. Notes Payable for RO 2,500 O d. Dr. Interest Expense for RO 2,500
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