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Interest expense on an installment note is $100; reduction of principle is $1,000. The journal entry to record this transaction will include a: Multiple choice

Interest expense on an installment note is $100; reduction of principle is $1,000. The journal entry to record this transaction will include a: Multiple choice question. debit to Cash for $900. debit to Cash for $1,100. credit to Cash for $1,100. credit Cash for $900

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