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Which of the following is correct when a short-term note payable with 5% interest is paid on maturity? Select one: a. debit notes payable;
Which of the following is correct when a short-term note payable with 5% interest is paid on maturity? Select one: a. debit notes payable; credit cash O 0 b. debit interest expense; credit cash c. debit cash; credit notes payable O d. debit notes payable, interest expense; credit cash
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