When Interest Is Accrued on a Note Payable,but Not Paid,the

question 63

Multiple Choice

When interest is accrued on a note payable,but not paid,the

• A)Interest Expense account is increased;the Interest Payable account is increased.
• B)Interest Expense account is decreased;the Interest Payable account is increased.
• C)Notes Payable account is increased;the Interest Payable account is increased.
• D)Interest Expense account is increased;the Interest Payable account is decreased.

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