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LMultiple Choice (20 points): For Questions 1 and 2: On January 1, a company signed a $6,000, 90 day, 5% note payable. 1) What amount

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LMultiple Choice (20 points): For Questions 1 and 2: On January 1, a company signed a $6,000, 90 day, 5% note payable. 1) What amount of interest will be paid on this note upon maturity? A) $300 B) $150 C) $75 D) $O 2) What would be the journal entry when this note is paid off at maturity? A) DR Note Payable 6,000 75 DR Interest Expense CR Cash 6,075 B) DR Cash 6,075 CR Interest Expense CR Note Payble 75 6,000 C) DR Note Payable 6,000 CR Cash 6,000 D) DR Cash 6,000 CR Note Payable 6,000 omnany resold 1 000 shoro

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