Asked by Brandy
December Interest on a bank loan is due on January 2nd of the following year:
accrue $1,000. How do u record interest expense and interest payable on a journal ledger?
Would you record interest expense on the debit side and interest payable on the credit side?
accrue $1,000. How do u record interest expense and interest payable on a journal ledger?
Would you record interest expense on the debit side and interest payable on the credit side?
Answers
Answered by
Emma
What don't you understand about this I can help you.
There are no AI answers yet. The ability to request AI answers is coming soon!
Submit Your Answer
We prioritize human answers over AI answers.
If you are human, and you can answer this question, please submit your answer.