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Use the Following Information for Questions

Question 57

Multiple Choice

Use the following information for questions.
On October 1, 2018, Mekhi's Golf Service Limited borrows $80,000 from Rigor Bank by signing a 3-month, $80,000, 4% bank loan. Interest is due the first of each month.
-The entry by Mekhi's Golf Service to record payment of the loan and accrued interest on January 1, 2019 is


A) Use the following information for questions. On October 1, 2018, Mekhi's Golf Service Limited borrows $80,000 from Rigor Bank by signing a 3-month, $80,000, 4% bank loan. Interest is due the first of each month. -The entry by Mekhi's Golf Service to record payment of the loan and accrued interest on January 1, 2019 is A) B) C) D)
B) Use the following information for questions. On October 1, 2018, Mekhi's Golf Service Limited borrows $80,000 from Rigor Bank by signing a 3-month, $80,000, 4% bank loan. Interest is due the first of each month. -The entry by Mekhi's Golf Service to record payment of the loan and accrued interest on January 1, 2019 is A) B) C) D)
C) Use the following information for questions. On October 1, 2018, Mekhi's Golf Service Limited borrows $80,000 from Rigor Bank by signing a 3-month, $80,000, 4% bank loan. Interest is due the first of each month. -The entry by Mekhi's Golf Service to record payment of the loan and accrued interest on January 1, 2019 is A) B) C) D)
D) Use the following information for questions. On October 1, 2018, Mekhi's Golf Service Limited borrows $80,000 from Rigor Bank by signing a 3-month, $80,000, 4% bank loan. Interest is due the first of each month. -The entry by Mekhi's Golf Service to record payment of the loan and accrued interest on January 1, 2019 is A) B) C) D)

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