The Entry to Record Interest Expense on a Bank Loan

question 47

Multiple Choice

The entry to record interest expense on a bank loan payable is a

• A)debit to interest expense and credit to note payable.
• B)debit to note payable and credit to interest income.
• C)debit to interest payable and credit to interest income.
• D)debit to interest expense and credit to interest payable.

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Definitions:

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