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Huey Company borrows $200,000 cash on November 1, 2019, by signing a 90-day, 9% note with a face value of $200,000. The note matures on

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Huey Company borrows $200,000 cash on November 1, 2019, by signing a 90-day, 9% note with a face value of $200,000. The note matures on January 30, 2020. The company's accounting period ends on December 31. (When calculating the amount of interest, assume a 360-day year.) What is the total amount of cash the company will pay on January 30, 2020? $203,000 $201.500 $209,000 $204,500 Question 11 5 pts Allen Company borrows $150,000 cash on November 1, 2019, by signing a 90-day, 9% note with a face value of $150,000. The note matures on January 30, 2020. The company's accounting period ends on December 31. (When calculating the amount of interest, assume a 360-day year.) How much Interest expense will the company record on December 31, 2019? $1.125 $13,500 $3,375 $2,250 Question 13 5 pts Allen Company borrows $150,000 cash on November 1, 2019, by signing a 90-day, 9% note with a face value of $150,000. The note matures on January 30, 2020. The company's accounting period ends on December 31. (When calculating the amount of interest, assume a 360-day year. What journal entry will the company record on January 30, 2020? Debit Interest Expense $2,250; debit Interest Payable $1,125; debit Notes Payable $150,000; credit Cash $153.375 Debit Interest Expense 5 1.125, debit Notes Payable $150,000; credit Cash $151.125 Debit Interest Expense $13.500 debit Interest Payable $2,250, debit Notes Payable $150,000; credit Cash $165.750 Debit Interest Expense $1,125; debit Interest Payable $2.250; debit Notes Payable $150,000; credit Cash $153,375

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