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Business, 21.03.2020 01:39 laceysmith2i023

1.A bank loaned Darden Company $10,000 on a 1-year, 6% note, but deducted the interest in advance. The journal entry made by Darden to record receipt of the cash would include a a. an increase in Cash for $9,400 b. an increase in Cash for $600 c. a decrease in Notes Payable for $10,600 d. a decrease in Notes Payable for $9,400

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1.A bank loaned Darden Company $10,000 on a 1-year, 6% note, but deducted the interest in advance. T...

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