The Journal Entry for Accrued Interest on a Note Payable

question 159

Multiple Choice

The journal entry for accrued interest on a note payable includes:

• A) debiting Interest expense and crediting Cash.
• B) debiting Interest expense and crediting Accrued interest payable.
• C) debiting Accrued interest expense and crediting Cash.
• D) crediting Accrued interest expense.