Referring to Table 1, the entry on maturity date would include a:
A. debit to interest payable for $133
B. debit to interest expense for $133
C. credit to note payable for $20,400
D. credit to cash for $20,000
Answer:B
Referring to Table 1, the entry on maturity date would include a:
A. debit to interest payable for $133 B. debit to interest expense for $133 C. credit to note payable for $20,400 D. credit to cash for $20,000