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On November 1. Year 1. Noble Co borrowed $128.000 from South Bank and signed a 15%, so-month note payable, all due at maturity. The interest

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On November 1. Year 1. Noble Co borrowed $128.000 from South Bank and signed a 15%, so-month note payable, all due at maturity. The interest on this loan-is stated separately e e How much must Noble pay South Bank on May 1, Year 2, when the note matures $128,000. $132.800.- $137,600.- $147,200.- How much interest expense will Noble recognize on this note in Year 22 $19,200.- $4,800.- $9,600.- $6,400.- Al December 31, Year 1, Noble Co.'s overall liability for this loan amounts to $128.000 $131,200.- $134.400.- $137.600.- At December 31, Year 1, the adjusting entry with respect to this note includes a Credit to interest Payable for $3,200 Credit to Notes Payable for $3,200.- Debit to interest Expense for $6,400.- Credit to Cash for $6,400

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