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On January 1, 2018, a business borrowed $10,000 on a five-year, 9% note payable. At December 31, 2018, the business should record A. cash payment

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On January 1, 2018, a business borrowed $10,000 on a five-year, 9% note payable. At December 31, 2018, the business should record A. cash payment of $10,000 OB. note receivable of $10,000 O c. interest payable of $900. OD. nothing. (The note is already on the books.)

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