Student Name Multiple Choice Questions-5 points each 1. Interest on a Note Payable is most appropriately accrued: A when the note is signed B. as of the end of each accounting period during which the note is a liability. C. when principal payments on the note are made. D. when the interest is paid. A magazine publisher has an account called "Unearned Subscription Revenue." The trans causes the balance of this account to decrease is: 2. A. cash is received from new subscribers. B. magazines are printed for the publisher. C. magazines are mailed to subscribers. D. subscriptions are sold to new subscribers. 3. The adjusting entry to accrue Interest Expense results in: A. an increase in Interest Expense B. a decrease in Interest Expense. C. a decrease in Cash. D. a decrease in Interest Payable