"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?
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"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
The information you have entered is not valid
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.
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