Question: When interest is accrued on a note payable, but not paid, the A. Interest Expense account is increased; the Interest Payable account is increased. B.
When interest is accrued on a note payable, but not paid, the A. Interest Expense account is increased; the Interest Payable account is increased. B. Interest Expense account is decreased; the Interest Payable account is increased. C. Interest Expense account is increased; the Interest Payable account is decreased. D. Notes Payable account is increased; the Interest Payable account is increased.
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