When a corporation pays a note payable and interest: they will debit notes payable and interest expense.

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When a corporation pays a note payable and interest: they will debit notes payable and interest expense. they will debit cash. the account notes payable will be increased. the account interest expense...

Posted Date: May 25, 2024 12:09 AM

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When a corporation pays a note payable and interest: they will debit notes payable and interest expense.

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