MarCo sign in one-year, 8% note payable for $10,000 with principle and interest due on October 1, 20X2. It is MarCo's only note outstanding. On October 1, 20X2 when the note is paid, MarCo deb- its Notes Payable and credits Cash for $10, 800, the sum of principle and interest. This error is likely to be found because ... the bank reconciliation will be out of balance when the check clean the trial balance will be out of balance by $800 the trial balance will show a balance in Notes Payable that is not normal interest expense will be understated While writing a check for $2,000 on April 26, 20X2 for a computer purchase. December 20X1, you discover that when the purchase was made November, the $2,000 had been credited to notes Payable instead of Account Payable. If the books are closed, what single entry could you make Notes Payable 2,000 Accounts Payable 2,000 Cash 2,000 Accounts Payable 2,000 Cash 2,000 Accounts Payable 2,000 Notes Payable 2,000