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-   -   Accounting adjusting entry (https://www.askmehelpdesk.com/showthread.php?t=140373)

  • Oct 13, 2007, 07:58 PM
    jharsin
    Accounting adjusting entry
    An adjusting entry made to record accrued interest on a note payable due next year consists of a debit made to

    A. interest expense and a credit to cash
    b. interest recievable and a credit to interest income
    c,interest expense and a credit to notes payable
    d.interest expense and a credit to interest payable
  • Oct 14, 2007, 04:47 AM
    newlen5990
    The debit is definitely interest expense, and the credit is to interest payable because it is not due until next year so D

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