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Unquiet Hands, Incorporated borrowed $30,000 on October 1, 2022 at 6% interest with both principal and interest due on September 30, 2023. Which of
Unquiet Hands, Incorporated borrowed $30,000 on October 1, 2022 at 6% interest with both principal and interest due on September 30, 2023. Which of the following journal entries should Unquiet Hands, Incorporated use to record the transaction for the payment of the note in full on September 30, 2023? Multiple Choice Debit Notes payable Debit Debit Interest payable Interest expense Credit Cash Debit Debit Notes payable Interest payable Interest expense Credit Credit Cash Debit Debit Notes payable Interest receivable Credit Interest revenue Credit Cash Debit Debit Credit Notes receivable Interest receivable Interest payable Credit Cash
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