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Company A and Company B each borrow $2,400 from the bank. Company A signed a 30-day, 9% note. Company B signed a 60-day, 8% note.

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Company A and Company B each borrow $2,400 from the bank. Company A signed a 30-day, 9% note. Company B signed a 60-day, 8% note. How will each of these companies record these events in their respective general journals on the day the money was borrowed? O Company A 18 2,400 2,418 Interest expense Notes payable Cash Company B Interest expense Notes payable Cash 18 2,400 2,418 Company A 2,418 2,418 Cash Notes payable Company B Cash Notes payable 2,432 2,432 2,418 18 2,400 Company A Cash Interest expense Notes payable Company B Cash Interest expense Notes payable 2,4321 32 2,400 O Company A 2,400 2.400 Cash Notes payable Company B Cash Notes payable 2.400 2,400 2,400 2,400 Company A Notes payable Cash Company B Notes payable Cash 2,400 2,400

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