Question: An adjusting entry to record accrued interest on a note payable that will be paid next year consists of a debit to Interest Expense and

An adjusting entry to record accrued interest on a note payable that will be paid next year
consists of a
debit to Interest Expense and a credit to Notes Payable.
debit to Interest Expense and a credit to Interest Payable.
debit to Interest Expense and a credit to Cash.
debit to Interest Receivable and a credit to Interest Revenue.
An adjusting entry to record accrued interest on a note payable

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