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App Inc. issued a note (borrowed money) for $50,000 to PNC Bank on July 1, 2019. The note earns interest at a rate of 8%

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App Inc. issued a note (borrowed money) for $50,000 to PNC Bank on July 1, 2019. The note earns interest at a rate of 8% and matures in six months. On January 1, 2020 the note matures and App pays the face amount of the note plus the interest. Record the journal entry App should record at the maturity date. Select one: O a. Dr. Notes Payable $54,000. Cr. Interest payable $54,000 O b. Dr. Notes Payable $50,000. Dr. Interest Payable $2,000. Cr. Cash $52,000 O c. Dr. Notes Payable $52,000. Cr. Cash $52,000 O d. Dr. Notes Payable $50,000. Dr. Interest Expense $4,000. Cr. Cash $54,000 Appalachian State sold 1,500 season tickets at $100 each for its four-game home schedule. How should ASU record the sale of the tickets? Select one: a. Dr. Unearned Revenue $150,000. Cr. Ticket Revenue $150,000 O b. Dr. Unearned Revenue $15,000. Cr. Ticket Revenue $15,000 Oc. Dr. Cash $150,000. Cr. Unearned Ticket Revenue $150,000 O d. Dr. Cash $150,000. Cr. Ticket Revenue $150,000

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