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Question 6 10 pts 6. On October 1, 2021, Paxton Company issued a $90,000, 10%, 9-month interest-bearing note. Assuming interest was accrued on June
Question 6 10 pts 6. On October 1, 2021, Paxton Company issued a $90,000, 10%, 9-month interest-bearing note. Assuming interest was accrued on June 30, 2022, the entry to record the payment of the note on July 1, 2022, will include a: O debit to Notes Payable of $96,750. O debit to Interest Expense of $2,250. debit to Interest Payable of $6,750. O credit to Cash of $90,000.
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