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pls answer both! 13. On November 1, Mcgonagall borrowed from Dumbledore, giving him a $6,000, 3 month, 9% note, interest payable at maturity. Mcgonagall made

pls answer both! image text in transcribed
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13. On November 1, Mcgonagall borrowed from Dumbledore, giving him a $6,000, 3 month, 9% note, interest payable at maturity. Mcgonagall made no entry after November 1. On December 31, the end of the accounting period, what entry would Mcgonagall make? 90 90 90 90 Interest Expense Interest Payable Interest Payable Discount on Note Payable Interest Expense Interest Payable Interest Expense Cash 135 135 190 90 The following selected account balances was taken from the general ledger of Margot Company as of December 31, 2016: Common stock, $1 $ 760,000 par Margot Retained earnings 524,000 Paid-in capital in excess of par- 140,000 preferred Treasury Stock 660,000 Preferred stock, $ 100 par 1,200,000 Paid-in capital in excess of par 1,520,000 -common Given above information, at the end of 2016: Total paid in capital is $2,960,000 and Total Stockholders' equity is $2,436,000 Total paid in capital is $2,960,000 and Total Stockholders' equity is $3,484,000 Total paid in capital is $4,280,000 and Total Stockholders' equity is $4,804,000 Total paid in capital is $3,620,000 and Total Stockholders' equity is $3,484,000

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