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

question 13

Short Answer

Indicate the account(s) to be debited and credited to record the following transactions.
-Accrued interest on a note payable.
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:

Regression

A defense mechanism in psychology where an individual's behavior reverts to an earlier stage of development.

State-dependent Learning

A phenomenon where an individual's ability to recall information is enhanced when in the same state of consciousness as when the information was learned.

Stress Response

The body's reaction to a challenge or demand, characterized by physiological changes such as increased heart rate and hormone levels.

Stressor

An event or condition that causes stress, challenging an individual's ability to cope.