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harra harra
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Posts: 1309
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6 years ago
Refer to Table 11-11. What is the correct journal entry on March 31, 2014?
A)
Notes payable   80,000   
Interest payable   4,800   
Interest expense   1,600   
          Cash      86,400

B)
Notes payable   86,400   
Interest payable   5,184   
          Cash      91,584

C)
Notes payable   80,000   
Interest receivable    4,800   
          Cash      84,800

D)
Notes payable   80,000   
          Cash      80,000
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
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raovatallpyraovatallpy
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6 years ago
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