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:

Psoriasis

A common skin condition characterized by reddish-silver, scaly lesions most often found on the elbows, knees, scalp, and trunk.

Dorsiflexion

The movement that brings the top of the foot toward the shin, decreasing the angle between the foot and the leg.

Plantar Flexion

The movement of the foot that points the toes downward, away from the leg.

Eversion

The process of turning inside out or being turned inside out.