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6 February, 10:05

The payment of a note payable plus the accrued interest would be recorded in the

a. cash payments journal.

b. general journal.

c. purchases journal.

d. sales journal.

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Answers (1)
  1. 6 February, 12:46
    0
    The correct answer is A

    Explanation:

    Cash payments journal is the one which records the all the cash payments which is made by the business which involve the cash purchases of equipment, merchandise, supplies and payment to creditor.

    So, the note payable payment in which the cash is received is recorded in the cash payment journal and also the accrued interest.
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