Refer to the information in Exercise 8-3. What journal entry should be made with respect to the
Question:
Refer to the information in Exercise 8-3. What journal entry should be made with respect to the interest payment on October 1,2019 ?
a. Debit Cash 20,000; credit Interest Expense 15,000; credit Interest Payable 5,000 .
b. Debit Interest Expense 15,000; credit Cash 15,000 .
c. Debit Interest Expense 20,000; credit Cash 20,000 .
d. Debit Interest Expense 15,000; debit Interest Payable 5,000; credit Cash 20,000 .
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Related Book For 
Cornerstones Of Financial Accounting
ISBN: 9780176707125
2nd Canadian Edition
Authors: Jay Rich, Jefferson Jones, Maryanne Mowen, Don Hansen, Donald Jones, Ralph Tassone
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