The Adjusting Entry for Accrued Interest on a Notes Receivable

question 42

Multiple Choice

The adjusting entry for accrued interest on a notes receivable includes:

• A)a debit to Interest Expense; a credit to Interest Revenue.
• B)a debit to Accrued Interest Receivable; a credit to Interest Revenue.
• C)a debit to Interest Revenue; a credit to Accrued Interest Payable.
• D)a debit to Accrued Interest Receivable; a credit to Interest Payable.

---

Definitions:

British Columbia

A province located on the west coast of Canada, known for its natural beauty and diverse geography.

Legal Counsel

Professional advice regarding legal matters provided by a qualified individual, such as a lawyer or attorney, usually to ensure compliance with the law or represent in legal matters.

Psychiatric Patients

Individuals diagnosed with mental health disorders who are under the care of healthcare professionals.

Suicidal Behaviour

The act of intentionally causing one's own death or engaging in behavior with the intent to cause one's own death.