Business
Business, 27.02.2020 00:16, mschmindy

Ellis Travel records an $800,000 loan for upgraded computers and software for the entire company in a Notes Payable account. The loan has an interest rate of 5.5%, which is recorded in the Interest Payable account before it is paid. The Interest Payable account would be considered a(n) account. A: contra
B: secondary
C: supplementary
D: adjunct

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Answers: 1

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