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On August 1, 2021, Stucko Company borrowed $21,000 on an 8-month, 3%, short-term note payable. Which account will be debited on April 1, 2022, and

On August 1, 2021, Stucko Company borrowed $21,000 on an 8-month, 3%, short-term note payable. Which account will be debited on April 1, 2022, and for what amount? Stucko Company has a calendar year-end.

Interest Expense, $262.50

Cash; $21,420

Notes Payable, $21,420

Interest Expense; $157.50

None of these

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