Question: When a company records interest expense on a note payable as an adjusting journal entry at the end of the year, the Interest Expense account
When a company records interest expense on a note payable as an adjusting journal entry at the end of the year, the Interest Expense account is a) debited; the Interest Payable account is credited. b) credited; the Sales Revenue account is credited. c) debited; the Notes Payable account is debited. d) credited; the Notes Payable account is credited
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