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Martinez Co. borrowed $50,000 on March 1 of the current year by signing a 60 -day, 9%, interest-bearing note. Assuming a 360 -dar yeas, when

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Martinez Co. borrowed $50,000 on March 1 of the current year by signing a 60 -day, 9%, interest-bearing note. Assuming a 360 -dar yeas, when the note is paid on Apnif 30 , the entry to record the paryment should include a a. deblit to loterest Expense for 5750 b. debit to Interes Payulie for \$750 c. credit to Cab for $50,000. d. condt to Canh for $54,500

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