Asked by Deb
Is the interest on a note receivables recorded if paid prior to the due date?
A. Debit to interest expense
B. debit to interest payable
C. Credit to interest receivable
D. Credit interest expense
I think it's A since it's before the maturity date.
A. Debit to interest expense
B. debit to interest payable
C. Credit to interest receivable
D. Credit interest expense
I think it's A since it's before the maturity date.
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