Unquiet Hands, Inc.borrowed $30,000 on October 1, 2019 at 6% interest with both principal and interest due on September 30, 2020.Which of the following journal entries should Unquiet Hands, Inc.use to record the payment of interest on September 30, 2020?
A)
B)
C)
D)
Correct Answer:
Verified
Q10: A newspaper ad submitted and published this
Q11: The accountant at WooSah! USA made an
Q12: An adjusting journal entry recording an accrual:
A)results
Q13: The effect of an adjustment is:
A)to correct
Q14: A credit entry will:
A)increase an asset account.
B)increase
Q16: Wisdom Co.has a note payable to its
Q17: Alpha Bot Industries has 30 employees who
Q18: To accrue $7,100 of employee salaries
Q19: Which of the following is not one
Q20: A debit entry will:
A)always decrease the account
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