19. Sanchez Company prepares reversing entries. If the ad justing entry for interest payable is reversed, what

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19. Sanchez Company prepares reversing entries. If the ad¬

justing entry for interest payable is reversed, what type of an account balance, if any, will there be in Interest Payable and Interest Expense after the reversing entry is posted?

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Financial Accounting

ISBN: 9780470128848

6th Edition

Authors: Paul D. Kimmel, Jerry J. Weygandt, Donald E. Kieso

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