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On the maturity date of a note payable, which of the following options is true? Cash should be debited for principal plus interest. Interest Expense
On the maturity date of a note payable, which of the following options is true?
Cash should be debited for principal plus interest.
Interest Expense should be credited for any interest that needs to be accrued for.
Notes Payable should be debited for the principal.
Notes Payable should be credited for principal plus interest.
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