Business, 06.05.2020 05:26 user1234573
Jones Co. issues a $10,000, 60-day, 12% note on August 31. The entry to accrued interest on the note on September 30 (30 days later) would include:
a. a credit to Interest Expense for $98.63
b. a credit to Interest Payable for $98.63
c. a credit to Interest Payable for $197.26
d. a debit to Interest Expense for $197.26
Answers: 1
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Jones Co. issues a $10,000, 60-day, 12% note on August 31. The entry to accrued interest on the note...
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