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Question 27 4 pts Payment of a short term note (at maturity) would include: A debit to cash A debit to Notes Payable A credit
Question 27 4 pts Payment of a short term note (at maturity) would include: A debit to cash A debit to Notes Payable A credit to Interest Payable A credit to Interest Revenue Question 28 4 pts Annual payments are required on a long term note. Each year, as payments are made the debit to Interest Expense will be equal to the payment made Decrease Increase No longer be required
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