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If adjustments are made on a monthly basis, the entry for a three-month note payable of $5,000 with an interest rate of 6% will include

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If adjustments are made on a monthly basis, the entry for a three-month note payable of $5,000 with an interest rate of 6% will include the following: O a credit to Cash of $300 O a credit to interest Payable of $25. O no entry is required. a debit to Interest Expense of $75

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