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West County Bank agrees to lend Pharoah Company $336000 on January 1. Pharoah Company signs a $336000, 6%, 6-month note. What entry will Pharoah Company
West County Bank agrees to lend Pharoah Company $336000 on January 1. Pharoah Company signs a $336000, 6%, 6-month note. What entry will Pharoah Company make to pay off the note and interest at maturity assuming that interest has been accrued to June 30?
O Notes Payable Cash O Interest Expense Notes Payable Cash O Interest payable Notes Payable Interest Expense Cash O Notes Payable Interest Payable Cash 346080 10080 336000 5040 336000 5040 336000 10080 346080 346080 346080 346080Step by Step Solution
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