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Martinez Co. borrowed $66,000 on March 1 of the current year by signing a 60-day, 11%, interest-bearing note. Assuming a 360-day year, when the note

Martinez Co. borrowed $66,000 on March 1 of the current year by signing a 60-day, 11%, interest-bearing note. Assuming a 360-day year, when the note is paid on April 30, the entry to record the payment should include a ______ .

Round your answer to the nearest whole dollar.

a.debit to Interest Payable for $1,210

b.debit to Interest Expense for $1,210

c.credit to Cash for $66,000

d.credit to Cash for $73,260

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