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Question 50 1.5 pts On November 1, 2021, JP Designs signed a $300,000, 6%, six-month note payable with the amount borrowed plus accrued interest

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Question 50 1.5 pts On November 1, 2021, JP Designs signed a $300,000, 6%, six-month note payable with the amount borrowed plus accrued interest due six months later on May 1, 2022. JP Designs records the appropriate adjusting entry for the note on December 31, 2021. What amount of cash will be needed to pay back the note payable plus any accrued interest on May 1, 2022? (Do not round your intermediate calculations.) O $300,000. O $303,000. O $306,000. O $309,000. Next

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