The journal entry to accrue for interest expense is a credit to which account?
A) Interest payable
B) Interest expense
C) Accounts payable
D) Cash
Correct Answer:
Verified
Q71: An improvement in the proportion of a
Q72: The closing entry made for dividends would
Q73: Which of the following accounts is not
Q74: On September 1 of the current year,
Q75: The adjusted trial balance serves as the
Q77: Which of the accounts listed below is
Q78: Unearned Revenue is a(n):
A) revenue account
B) liability
Q79: On a cash flow statement, closing entries
Q80: The current ratio is computed by:
A) dividing
Q81: Current assets are typically more liquid than
Unlock this Answer For Free Now!
View this answer and more for free by performing one of the following actions
Scan the QR code to install the App and get 2 free unlocks
Unlock quizzes for free by uploading documents