Indicate the Account(s) to Be Debited and Credited to Record

question 62

Short Answer

Indicate the account(s) to be debited and credited to record the following transactions.
-Paying the principal plus accrued interest.
Debit ________ & ________ Credit ________
A)Cash
B) Notes receivable
C)Accounts receivable
D) Interest receivable
E)Notes payable
F) Accounts payable
G)Interest payable
H) Discount on notes payable
I) Interest expense
J) Interest income
K) Sales

• A)Cash
• B) Notes receivable
• C)Accounts receivable
• D) Interest receivable
• E)Notes payable
• F) Accounts payable
• G)Interest payable
• H) Discount on notes payable
• I) Interest expense
• J) Interest income
• K) Sales

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Definitions:

Design Principle

Fundamental ideas and guidelines that inform and shape the process of creating designs, ensuring they meet certain criteria for quality and functionality.

Typography

The art and technique of arranging type to make written language legible, readable, and visually appealing when displayed.

Leading

In typography, the vertical spacing between lines of text, enhancing readability.

Appearance Differences

Refers to the variations in the visual aspects of objects or individuals, often considered in design, fashion, and diversity contexts.