What entry should be made on July 1 related to the interest payment?
A)Debit Interest payable; Credit Cash.
B)Debit Interest payable; Credit Cash with fiscal agent.
C)Debit Expenditure; Credit Cash with fiscal agent.
D)No entry required.

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The Answer of What entry should be made on July 1 related to the interest payment?
A)Debit Interest payable; Credit Cash.
B)Debit Interest payable; Credit Cash with fiscal agent.
C)Debit Expenditure; Credit Cash with fiscal agent.
D)No entry required.

What Entry Should Be Made on July 1 Related to the Interest