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please find the right answer April 12. Hong Company agrees to accept a 60 -day, 8%,$6,300 note from Indigo Company to extend the due date
please find the right answer
April 12. Hong Company agrees to accept a 60 -day, 8%,$6,300 note from Indigo Company to extend the due date on an overdue account What is e journal entry that indigo Company would make, when it records payment of the note on the maturity date? (Use 360 days a year.) Multiple Choice Debit Cash \$6,384; credit Interest Rovenue \$84; credit Notes Recelvable \$6,300. Debit Cash \$6,384; credit interest Revenue \$84; credst Notes Payable \$6,300. Debit Notes Payable 56,300; credit interest Expense 584, credit Cash \$6,216. Debit Notes Payobie \$6,300; debit interest Expense \$84; credit Cash $6,384 Debit Notes Payable 56.300; debat interest Expense \$126; credit Cash 56.426 Step by Step Solution
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