tjcota1982
Jan 12, 2007, 02:23 PM
The interest accrued on a bonds payable is $20,000 as of Dec. 31st and the bond payable is $500,000.
Interest Expense .. 20,000
Accumulated Interest payable . 20,000
Is this correct?
Interest Expense .. 20,000
Accumulated Interest payable . 20,000
Is this correct?