General accounting On November 30, Catcher Company issued an$8,000, 6%, 6-month note to the National Bank. Theentry on Thatcher's books to record the payment ofthe note at maturity will include a credit to Cash for:a. $8,000.b. $8,240.c. $8,120.d. $8,480.

Step 1: Define NoteThe note can be defined as a promissory note in which the borrower promises to…

Answered: On November 30, Catcher Company issued…

College Accounting (Book Only): A Career Approach

13th Edition

ISBN:9781337280570

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Publisher:Scott, Cathy J.

ChapterD: Notes Payable And Notes Receivable

Section: Chapter Questions

Problem 2P

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Please given answer general accounting
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On November 30, Catcher Company issued an $8,000, 6%, 6-month note to the National Bank. The entry on Thatcher's books to record the payment of the note at maturity will include a credit to Cash for: a. $8,000. b. $8,240. c. $8,120. d. $8,480.