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On January 1, Avers Co. borrowed $10,000 by extending their past-due account payable with a 60-day, 8% interest-bearing note. On March 1, the due date.

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On January 1, Avers Co. borrowed $10,000 by extending their past-due account payable with a 60-day, 8% interest-bearing note. On March 1, the due date. Avers pays the amount due in fult This entry would be recorded by Avers with a debit to (Accounts Payable/Notes Payable/Cash) in the amount of Click the answer you think is right Cash; $10,133 Cash; $10,000 Cash: $10,800 Notes Payable: $10,000 Notes Payable: $10,133 Notes Payable: $10,800 I know t No

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