On May 1, Huxley, Inc borrowed $146,000 cash from First Banc Corp under a six-month...
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On May 1, Huxley, Inc borrowed $146,000 cash from First Banc Corp under a six-month noninterest-bearing note, with a 9% discount rate. Interest was payabl maturity, however Huxley will record the interest each month. When Huxley records the interest on May 31, the balance in the discount on notes payable account will be s
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You can see the logs in the Dashboard.