Solution-What the amount of interest due on notes and bonds

What the amount of interest due on notes and bonds payable

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Reference no: EM132558805

Question 1: The amount of interest due on notes and bonds payable owed by the company is adjusted by

Option 1: debiting Interest Expense and crediting Cost of Goods Sold.

Option 2: debiting Interest Payable and crediting Interest Expense.

Option 3: debiting Interest Expense and crediting Interest Payable.

Option 4: debiting Interest Payable and crediting Cost of Goods Sold.

Reference no: EM132558805

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What the amount of interest due on notes and bonds payable : What The amount of interest due on notes and bonds payable owed by the company is adjusted by?debiting Interest Payable and crediting Cost of Goods Sold.

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What the amount of interest due on notes and bonds payable

Reference no: EM132558805

Reference no: EM132558805

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