The entry to record the payment of an interest-bearing note at maturity after all interest expense has been recognized is

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When an interest-bearing note is paid at maturity after all interest expense has been recognized, the principal amount is paid along with the last interest payment. As all interest expense has already been recognized, no additional journal entry is needed for interest. The entry to record the payment of the note at maturity is simply a debit to Notes Payable and a credit to Cash. Therefore, the best choice is option A, which is a simple entry to record the payment of the note.

The Entry to Record the Payment of an Interest-Bearing Note