The entry required to record a reversing entry for an accrual of interest expense for the previous year end, should include a:
A. Credit to Income Summary
B. Credit to Interest Payable
C. Credit to Interest Expense
D. Debit to Capital

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15-07-2024
Business

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The entry required to record a reversing entry for an accrual of interest expense for the previous year end, should include a:
A. Credit to Income Summary
B. Credit to Interest Payable
C. Credit to Interest Expense
D. Debit to Capital

Sagot :

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