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The maturity date of a note was extended. Assuming that full payment is then made, describe what happens on the extended maturity date. Multiple choice
The maturity date of a note was extended. Assuming that full payment is then made, describe what happens on the extended maturity date. Multiple choice question. An entry is made to record payment of the note and interest for the entire period of the debt. An entry is made to record payment of the interest for the entire period of the debt. An entry is made to record payment of the principal amount of the note. No accounting entry is required
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