Examlex

Solved

The Following Transaction Has Been Recorded in the General Journal  Interest Expense 150 Interest Payable 150\begin{array} { | l | r | r | } \hline \text { Interest Expense } & 150 & \\\hline \text { Interest Payable } & & 150 \\\hline\end{array}

question 61

Multiple Choice

The following transaction has been recorded in the general journal:
 Interest Expense 150 Interest Payable 150\begin{array} { | l | r | r | } \hline \text { Interest Expense } & 150 & \\\hline \text { Interest Payable } & & 150 \\\hline\end{array}
How will this transaction affect the company's financial statements after it is posted to the ledger accounts?


Definitions:

Related Questions