Answered: Which of the following will be included…

Which of the following will be included in the adjusting entry to accrue interest expense? A Debit To Cash A Credit To Interest Payable A Debit To Interest Payable A Debit To Prepaid Interest

Principles of Accounting Volume 1

19th Edition

ISBN:9781947172685

Author:OpenStax

Publisher:OpenStax

Chapter4: The Adjustment Process

Section: Chapter Questions

Problem 8MC: If an adjustment includes an entry to a payable or receivable account, which type of adjustment is...

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Question

Which of the following will be included in the adjusting entry to accrue interest expense?

A Debit To Cash

A Credit To Interest Payable

A Debit To Interest Payable

A Debit To Prepaid Interest

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