The Journal Entry to Record Accrued Interest on a Short-Term

question 77

Multiple Choice

The journal entry to record accrued interest on a short-term note payable must include a:

• A) debit to Note Payable
• B) debit to Interest Expense
• C) credit to Interest Expense
• D) debit to Interest Payable

---

Definitions:

Best Practices

Recommended methods or techniques that are acknowledged as the most effective to achieve reliable and desired results.

Lessons Learned

Knowledge or insights gained from experience, which can be applied to future situations to improve outcomes.

Technology

The application of scientific knowledge for practical purposes, especially in industry and in our daily lives.

Jobs

Positions of employment where individuals engage in specific tasks or duties in exchange for compensation, such as wages or salaries.