Which of the Following Journal Entries Is Correct When a Company

question 42

Multiple Choice

Which of the following journal entries is correct when a company has incurred interest expense but has not yet paid the interest?

• A) Interest expense
• \( \quad \)\( \quad \)Operating income
• B) Interest expense
• \( \quad \)\( \quad \)Interest payable
• C) Interest payable
• \( \quad \)\( \quad \)Interest expense
• D) Retained earnings
• \( \quad \)\( \quad \)Interest expense

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Definitions:

Data Bus

A communication system that transfers data between components inside a computer or between computers.

Bandwidth

Volume or capacity of a data transmission medium; the number of packets that can be pumped down a channel or multiplex backbone.

Volume Of Data

Describes the quantity of data, often measured in bytes, kilobytes, megabytes, gigabytes, terabytes, etc., that is created, stored, processed, and transferred.

J1939 Data Backbones

A type of network protocol used in heavy-duty vehicles for communication among various vehicle systems, based on CAN (Controller Area Network) technology.