2023 The journal entry for accrued interest on a note payable by the borrower includes a debit to | Assignments Online

2023 The journal entry for accrued interest on a note payable by the borrower includes a debit to | Assignments Online

Assignments Online 2023 Business & Finance

The journal entry for accrued interest on a note payable by the borrower includes:

a debit to Interest Expense and credit to Cash.

 

a debit to Interest Expense and credit to Interest Payable.

 

a credit to Interest Expense and debit to Notes Payable.

 

a debit to Interest Payable and credit to Cash.

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