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uestion 14 4 points Save Ans 8. Note Payable of $6,000 represents a loan that was taken on June 1, 2019 at a yearly
uestion 14 4 points Save Ans 8. Note Payable of $6,000 represents a loan that was taken on June 1, 2019 at a yearly interest rate of 10%. The journal entry recorded for the receipt of the loan on June 1, 2019 was: O Debit Interest Expense $1,200, credit Note Payable $1,200 O Debit cash $1,200, credit Interest payable $1,200 O Debit Interest Expense $12,000, credit Interest Payable $12,000 O Debit cash $12,000, credit note payable $12,000 F2 888 FS 2 W 3 E $ 54 FA MacBook Air % 205 R 70 T 6 B 7 V * 8A9 C
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