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Business, 20.11.2019 22:31 artemiscrock77041

On july 1, shady creek resort borrowed $250,000 cash by signing a 10-year, 8% installment note requiring equal payments each june 30 of $37,258. what is the appropriate journal entry to record the issuance of the note? a. debit cash $250,000; debit interest expense $37,258; credit notes payable $287,258.b. debit notes payable $250,000; credit cash $250,000.c. debit cash $37,258; credit notes payable $37,258.d. debit cash $250,000; credit notes payable $250,000.e. debit cash $287,258; credit interest payable $37,258; credit notes payable $250,000.

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On july 1, shady creek resort borrowed $250,000 cash by signing a 10-year, 8% installment note requi...
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