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On September 1, 2021, Abba signed a $130,000,8%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1,
On September 1, 2021, Abba signed a $130,000,8%, six-month note payable with the amount borrowed plus accrued interest due six months later on March 1, 2022. Abba records the appropriate adjusting entry for the note on December 31,2021 . In recording the payment of the note plus accrued interest at maturity on March 1, 2022, Abba would: (Do not round your intermediate calculations.) Multiple Choice Debit Interest Expense, \$5,200. Debit Interest Expense, \$1,733. Debit Interest Payable, \$1,733. Debit Interest Expense, $3,467
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