Which of the Following Would Be the Adjusting Entry to Record

question 59

Multiple Choice

Which of the following would be the adjusting entry to record accrued interest on a loan made to the business at the end of an accounting period?

• A)Dr.Interest expense,Cr.Cash
• B)Dr.Interest expense,Cr.Interest payable
• C)Dr.Interest payable,Cr.Interest income
• D)Dr.Interest payable,Cr.Cash

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Definitions:

Toxic Substances Control Act

A U.S. law enacted in 1976 to regulate the introduction of new or already existing chemicals.

Unreasonable Risk

A situation or action that exposes individuals or entities to a high level of danger or loss, which is deemed excessive or unjustifiable.

EIS

Stands for Environmental Impact Statement, a document that provides a detailed analysis of the potential environmental effects of a proposed federal action.

Nuclear Power Plant

A facility that generates electricity by using heat from nuclear reactions to produce steam, which drives turbines connected to generators.