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On September 30, the company discounted at 10% its $300,000, one-year zero-interest-bearing note at Virginia State Bank Which accounts and amounts are to be debited

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On September 30, the company discounted at 10% its $300,000, one-year zero-interest-bearing note at Virginia State Bank Which accounts and amounts are to be debited respectively? a Cash and interest expense; $300,000 and $33,000 b. Notes payable and interest expense, $270,000 and $30,000 c. Cash and Discount on Notes payable; $300,000 and $30,000 d. Cash and discount on notes payable: $270,000 and $30,000

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