QUESTION 29 When a business records accrued interest expense on a note payable A) Interest Expense is credited OB) Note Payable is credited C) Cash is debited D) Interest Payable is credited QUESTION 30 A $54,000, four-month, 12% note payable was issued on October 1, 2018. Which of the following would be included in the journal entry required on the note's maturity date by the borrower? (Do not round any intermediate calculations, and round your final answer to the nearest dollar.) A) a credit to Note payable for $56,160 B) a credit to Cash for $54,000 C) a debit to interest expense for $540 D) a debit to Interest payable for $540 QUESTION 31 At the maturity of a note payable, a borrower will pay A) the principal plus interest B) the principal amount only C) the interest amount only D) the principal minus interest