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On November 1, 2023, Malcolm Corporation borrowed $4,000 by issuing a 3- month, 5% note payable. The entry to record payment of the note
On November 1, 2023, Malcolm Corporation borrowed $4,000 by issuing a 3- month, 5% note payable. The entry to record payment of the note at maturity will include a. a credit to Cash for $4,050. O b. a debit to Interest Expense for $50. O c. a debit to Interest Expense for $33. Od. a credit to Interest Payable for $17. Clear my choice
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