Martin & Associates borrowed $15,000 on April 1, 2016 at 8% interest with both principal and interest due on March 31, 2017.Which of the following journal entries should the firm use to record the payment of interest on March 31, 2017?
A) 
B) 
C) 
D) 
Correct Answer:
Verified
Q4: A debit entry will:
A)decrease an asset account.
B)increase
Q4: The accountant at Abco, Inc. made an
Q5: The effect of an adjustment is:
A) to
Q8: In the buyer's records, the purchase of
Q10: A newspaper ad submitted and published this
Q11: A journal entry recording an accrual:
A) results
Q12: Martin & Associates borrowed $15,000 on April
Q13: Martin & Associates borrowed $15,000 on April
Q19: Which of the following is not one
Q20: A debit entry will:
A)always decrease the account
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