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Calculator Martinez Co. borrowed $74,729 on March 1 of the current year by signing a 60-day, 10%, Interest-bearing note. Assuming a 360-day year, when the

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Calculator Martinez Co. borrowed $74,729 on March 1 of the current year by signing a 60-day, 10%, Interest-bearing note. Assuming a 360-day year, when the note is paid on April 30, the entry to record the payment should include a a. debit to Interest Payable for $1,245. b. debit to Interest Expense for $1,245. c. credit to Cash for $74,729. d. credit to Cash for $82,202. Previous Next Submit Test for Grading All work saved

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