Question: 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

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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