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On September 2017, Shelley borrowed $400,000 from National Bank on a one-year $400,000, 6% note. Which answer has the correct debit entry to accrue for interest for the year ending in 2017? Group of answer
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On September 2017, Shelley borrowed $400,000 from National Bank on a one-year $400,000, 6% note. Which answer has the correct debit entry to accrue for interest for the year ending in 2017? Group of answer choices Interest Expense 24,000 Interest Payable 8,000 Interest Payable 24,000 Interest Expense 8,000

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