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QUESTION 21 Assume that on September 1, 2017, Mom & Pop borrowed $32,000 cash from Frost Bank and signed a promissory note that matures

QUESTION 21 Assume that on September 1, 2017, Mom & Pop borrowed $32,000 cash from Frost Bank and signed a promissory note that matures in nine months. The interest rate was 6 percent payable at maturity The accounting periods December 31 Assuming the note is paid in full at maturity in 2018 when the payment of the noto is recorded, the credit to Cash will be A

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