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On October 1, 2019, Muscat Company borrowed OMR6,000 cash by signing a note payable due in one year at ex interest interest is due when

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On October 1, 2019, Muscat Company borrowed OMR6,000 cash by signing a note payable due in one year at ex interest interest is due when the principal is paid. If financial statements are to be prepared on December the company should make the following adjusting entry 160 160 Select one: a. None of the answe are correct b. Interest Expense Interest Payable oc Cash 8,000 Notes Payable O di interest Expense Interest Payable e. Interest Expense Interest Payable 8,000 8,000 8.000 640 - 640

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