On November 1,2012,Fain Corporation paid principal and interest on a 6-month,8% note payable with a face amount of $5,000.How did this transaction affect Fain's financial statements?

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The Answer of On November 1,2012,Fain Corporation paid principal and interest on a 6-month,8% note payable with a face amount of $5,000.How did this transaction affect Fain's financial statements?

On November 1,2012,Fain Corporation Paid Principal and Interest on a 6-Month,8