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If a company made a payment on a bank loan, the transaction used to record the payment in the accounting framework would include (Note Payable),
If a company made a payment on a bank loan, the transaction used to record the payment in the accounting framework would include
(Note Payable), (Loan Expense) |
Cash, (Note Payable) |
(Accounts Receivable), (Loan Expense) |
(Cash), (Note Payable) |
None of the above |
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