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On September 1, a company borrowed $70,000 from a bank for six months at 9%. Interest was properly accrued on December 31. The journal entry

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On September 1, a company borrowed $70,000 from a bank for six months at 9%. Interest was properly accrued on December 31. The journal entry needed to record the payment of the note and interest on the due date includes O a debit to Interest Payable for $1,312. O a debit to Interest Payable for $1,000. a debit to Interest Payable for $2,000. a debit to Interest Payable for $2,625. a debit to Interest Payable for $2,100

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