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On October 1, 2020, First Bank loaned 57,000 to Dancing Goat Coffee Co. The note is payable in 60 days, and carries a 7% annual

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On October 1, 2020, First Bank loaned 57,000 to Dancing Goat Coffee Co. The note is payable in 60 days, and carries a 7% annual interest charge Which of the following should be included in the journal entry recorded on Dancing Goat Co.'s books on November 30, 2020 to record the payment principal and interest to First Bank? Assume that no adjustments have been made since October 1, 2020, O a Debit to interest Expense for $490 Ob. Debit to Cash for 57.000 Oc Credit to Cash for $7.082 Od. Credit to Notes Payable for $7,000 Question Moving to another question will save this response O L99 hp $ 4 un 6 8 0) O T T P IRL F G H K L Daun B N M cari

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