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Multiple Choice Question 71 On October 1, 2016, Vaughn Company issued an $89000, 8%, 9-month interest-bearing note. Assuming interest was accrued in June 30, 2017,
Multiple Choice Question 71 On October 1, 2016, Vaughn Company issued an $89000, 8%, 9-month interest-bearing note. Assuming interest was accrued in June 30, 2017, the entry to record the payment of the note on July 1, 2017, will include a: debit to Interest Expense of $1780. debit to Interest Payable of $5340 debit to Notes Payable of $94340 credit to Cash of $89000 Click if you would like to Show Work for this question: Open Show Work
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