Indicate the account(s) to be debited and credited to record the following transactions.
-Paying the principal plus accrued interest.
Debit ________ & ________ Credit ________
A)Cash
B) Notes receivable
C)Accounts receivable
D) Interest receivable
E)Notes payable
F) Accounts payable
G)Interest payable
H) Discount on notes payable
I) Interest expense
J) Interest income
K) Sales
Correct Answer:
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