Which of the Following Would Be the Adjusting Entry to Record

question 59

Multiple Choice

Which of the following would be the adjusting entry to record accrued interest on a loan made to the business at the end of an accounting period?

• A)Dr.Interest expense,Cr.Cash
• B)Dr.Interest expense,Cr.Interest payable
• C)Dr.Interest payable,Cr.Interest income
• D)Dr.Interest payable,Cr.Cash

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Definitions:

Desert Environment

An ecosystem characterized by low rainfall, extreme temperatures, and sparse vegetation adapted to arid conditions.

Desert Environment

A biome characterized by very little rainfall, extreme temperatures, and sparse vegetation, making it a challenging habitat for life.

Photosynthetic Mode

A method by which plants, algae, and some bacteria convert light energy into chemical energy stored in glucose.

CAM

A type of photosynthesis (Crassulacean Acid Metabolism) adapted by some plants to minimize water loss in arid conditions by fixing CO2 at night.