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On April 1, Tribbiani, Inc borrowed $25,000 on a 3 month, 8% note payable to purchase inventory. The entry to record the issuance of the

On April 1, Tribbiani, Inc borrowed $25,000 on a 3 month, 8% note payable to purchase inventory. The entry to record the issuance of the notes should include a credit to:

a) Notes payable for $25,000

b) Interest payable for $6,000

c) Notes payable for $25,600

d) Interest payable for $1,500

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