"Interest accrued on 6-month note payable,issued jan 1,$300"

From trial balance march 31 :notes payble $10,000

~could any one explain to me how it is incurred?

Debit Interest Expense for the amount of interest
Credit Interst Payable for the amount

Interest exp
Interest payable

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Muhammad umair mba hahria university Islamabad 03459888223

The information I posted in my previous post is correct. Just ask an acocunting Professor or look in your accounting textbook.