On january 1, avers co. borrowed $10,000 cash from main st. bank by signing a 60-day, 8% interest-bearing note. on march 1, avers pays the amount due in full. the march 1 entry would be recorded by avers with a debit to (accounts payable/notes payable/ in the amount of
a. cash; $10,133
b. cash; $10,000
c. cash: $10,800
d. notes payable: $10,000
e. notes payable: $10,133
f. notes payable: $10,800
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On january 1, avers co. borrowed $10,000 cash from main st. bank by signing a 60-day, 8% interest-be...
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