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:

Unique Voice

A distinct and recognizable way of expressing oneself in writing or speech that sets an individual apart from others.

Style

Refers to the distinct manner or way in which something is written or created, encompassing aspects like language choice, tone, and presentation to convey a specific voice or aesthetic.

Encourage Participation

Strategies or methods used to motivate individuals to take part in an activity or to contribute to a group effort.

Meeting Leader

The meeting leader is the individual responsible for guiding a meeting's process, ensuring that the agenda is followed, and facilitating discussion and decision-making.