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the answer please On October 1,2020, Sheffield Company issued an $803000,12%,9-month interest bearing note. Assuining interest was accrued on June 30,2021 , the entry to
the answer please 
On October 1,2020, Sheffield Company issued an $803000,12%,9-month interest bearing note. Assuining interest was accrued on June 30,2021 , the entry to record the payment of the note on July 1.2021, will include a: credit to Cash of $803000. debit to Notes Payable of $875270. debit to interest Expense of $24050. debit to Interest Payable of $72270 Step by Step Solution
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Cost Accounting Foundations And Evolutions
Authors: Michael R. Kinney, Jenice Prather-Kinsey, Cecily A. Raiborn
6th Edition
0324235011, 978-0324235012
