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.

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Definitions:

Geniculostriate Pathway

The major visual pathway in the brain, which runs from the retina to the primary visual cortex via the lateral geniculate nucleus of the thalamus.

Tectopulvinar Pathway

A pathway in the visual system that connects the superior colliculus with the pulvinar nucleus of the thalamus, involved in the processing of visual information related to motion and spatial orientation.

Tectopulvinar Pathway

A neural pathway involved in the processing of visual information, connecting the superior colliculus to the pulvinar nucleus of the thalamus.

Superior Colliculus

A structure in the midbrain involved in visual processing, eye movements, and orientation responses.