A Company Pays $9,000 in Interest on Notes Consisting of $6,000

question 65

Multiple Choice

A company pays $9,000 in interest on notes consisting of $6,000 of interest that was accrued during the last accounting period and $3,000 of interest that accumulated during this accounting period that has not yet been accrued on the books.The journal entry for the interest payment should:

• A)debit Interest Expense $9,000 and credit Cash $9,000.
• B)debit Cash $9,000 and credit Interest Payable $9,000.
• C)debit Interest Expense $3,000,debit Interest Payable $6,000,and credit Cash $9,000.
• D)debit Interest Payable $6,000,debit Accrued Interest $3,000,and credit Cash $9,000.

---

Definitions:

Active Listening

A communication technique that involves paying full attention, understanding, responding, and remembering what is being said.

Nonverbal Cues

Forms of communication without the use of spoken language, such as gestures, body language, facial expressions, and eye contact.

Eye Contact

The act of looking directly into another person's eyes, often used as a means of communication, to convey confidence or establish connection.

Decoding Process

The act of interpreting or understanding communication signals or messages received.