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gOOvER gOOvER
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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   40,000   
Interest payable     2,400   
Interest expense   800   
          Cash      43,200

B)
Notes payable   43,200   
Interest payable   2,592   
          Cash      45,792

C)
Notes payable   40,000   
Interest receivable     2,400   
          Cash      42,400

D)
Notes payable   40,000   
          Cash      40,000
Textbook 
Accounting, Volume 1, Canadian Edition

Accounting, Volume 1, Canadian Edition


Edition: 9th
Authors:
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migrodmigrod
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gOOvER Author
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#2
5 years ago
Incredible answer, really thank you
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