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Madison Bark lands Neenah Paper Company $80,000 on January 1, 2017, Neenah signs a s80, 000,9$,6 - month note, The joumu entry mase by Neenah
Madison Bark lands Neenah Paper Company $80,000 on January 1, 2017, Neenah signs a s80, 000,9$,6 - month note, The joumu entry mase by Neenah on Jaruary 1, 2017 will debit: A. Interest Expense for $7,200 and credit Cash for $7,200, B. Cash for $72,800 and credt Note Payable for $72,800. C. Interest Expense for $7,200 and credit Interest Payable for $7,200. D. Cash for $80,000 and credit Notes Payable for $80,000
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