At December 31, 2021, interest expense of $960 is owed on a two-year bank note that will not be paid until July 2022, what is the appropriate accrual at the end of 2021?

a. Interest Expense .................. 960

Cash ..........................…….. 960

b. Interest Payable .................. 960

Interest Expense ................. 960

c. Cash .............................. …. 960

Interest Expense ..............… 960

d. Interest Expense .................. 960

Interest Payable ..............… 960

Answer rating: 100% (QA)

ANSWER Hence the option d Interest Expense 960 Interest ... View the full answer