The Interest Expense in the worksheet’s unadjusted trial bal
The Interest Expense in the worksheet’s unadjusted trial balance column is $3,500. Interest Expense in the income statement column is $9,000. Which of the following entries would have caused this difference?
A) a $9,000 credit to Interest Expense in the worksheet’s adjustments column
B) a $9,000 credit to Interest Payable in the worksheet’s adjustments column
C) a $5,500 debit to Interest Expense in the worksheet’s adjustments column
D) a $5,500 credit to Interest Expense in the worksheet’s adjustments column
ANSWER
C
Expert paper writers are just a few clicks away
Place an order in 3 easy steps. Takes less than 5 mins.