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Which entry to record interest expense on a note payable is

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Reference no: EM132773522

Problem 1: The entry to record interest expense on a note payable is a:

(a) debit to interest expense and credit to note payable.
(b) debit to note payable and credit to interest revenue.
(c) debit to interest payable and credit to interest revenue.
(d) debit to interest expense and credit to interest payable.

Reference no: EM132773522

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