The Journal Entry for Accrued Interest on a Note Payable

question 72

Multiple Choice

The journal entry for accrued interest on a note payable includes ________.

• A) a debit to Interest Expense and credit to Cash
• B) a debit to Interest Expense and credit to Interest Payable
• C) a debit to Interest Payable and credit to Cash
• D) a credit to Interest Expense and debit to Notes Payable

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Definitions:

Preterm

Referring to a baby born before completing the standard 37 weeks of gestation.

Teratogen

An agent or factor which can cause malformation of an embryo or fetus.

Miscarriage

The spontaneous loss of a pregnancy before the fetus can survive outside the womb, typically occurring within the first 20 weeks of gestation.

Stillbirth

The birth of a baby who is born without any signs of life at or after 24 weeks of pregnancy.