Business, 06.05.2020 02:03 deanlmartin

The entry by Ken's Painting Service to record payment of the note and accrued interest on January 1 is

a. Notes Payable 50,500 Cash 50,500
b. Notes Payable 50,000 Interest Payable 500 Cash 50,500
c. Notes Payable 50,000 Interest Payable 2,000 Cash 52,000
d. Notes Payable 50,000 Interest Expense 500 Cash 50,500

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The entry by Ken's Painting Service to record payment of the note and accrued interest on January 1...

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