Indicate the Account(s) to Be Debited and Credited to Record

question 62

Short Answer

Indicate the account(s) to be debited and credited to record the following transactions.
-Paying the principal plus accrued interest.
Debit ________ & ________ Credit ________
A)Cash
B) Notes receivable
C)Accounts receivable
D) Interest receivable
E)Notes payable
F) Accounts payable
G)Interest payable
H) Discount on notes payable
I) Interest expense
J) Interest income
K) Sales

• A)Cash
• B) Notes receivable
• C)Accounts receivable
• D) Interest receivable
• E)Notes payable
• F) Accounts payable
• G)Interest payable
• H) Discount on notes payable
• I) Interest expense
• J) Interest income
• K) Sales

---

Definitions:

Fine Movements

Precise, controlled movements that require small muscle coordination, such as writing with a pencil or threading a needle.

Prefrontal Cortex

The region of the brain located at the front of the frontal lobes, instrumental in decision-making, planning, and moderating social behavior.

Organizing Movements

The process of coordinating and directing actions or efforts towards achieving a specific goal or social change.

Cerebellum

A region of the brain that plays a vital role in motor control, balance, and coordination.