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Business, 17.12.2019 02:31 ayri9893

On january 1, avers co. borrowed $10,000 by extending their past-due account payable with a a 60-day, 8% interest-bearing note. on march 1, the due date, avers pays the amount due in full. this entry would be recorded by avers with a debit to (accounts payable/notes payable/ in the amount of
1. cash; $10,133
2. cash; $10,000
3. cash: $10,800
4. notes payable: $10,000
5. notes payable: $10,133
6. notes payable: $10,800

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On january 1, avers co. borrowed $10,000 by extending their past-due account payable with a a 60-day...
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