The journal entry to record accrued interest on a, Ask an Expert

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The journal entry to record accrued interest on a short-term note payable must include an increase to:

a) interest expense and a increase to notes payable.

b) interest expense and a increase to interest payable.

c) interest payable and a decrease to interest expense.

d) interest payable and a increase to notes payable.

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Accounting Basics, Accounting

Category:- Accounting Basics
Reference No.:- M9417504

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