6. The journal entry to accrue an expense is a. debit interest expense and credit interest payable....

Question:

6. The journal entry to accrue an expense is

a. debit interest expense and credit interest payable.

b. debit interest payable and credit interest expense.

c. debit revenue and credit unearned revenue.

d. debit unearned revenue and credit revenue.

Fantastic news! We've Found the answer you've been seeking!

Step by Step Answer:

Related Book For book-img-for-question

Financial Accounting As A Second Language

ISBN: 9780470043882

1st Edition

Authors: David P. Weiner

See More Books

Question Posted: Sep 19, 2024 07:01 PM

See More Questions

Generally, the JDBC API perform the following three functions a. Connect to database, load JDBC driver, perform the query b. Perform the query, connect to database, load JDBC driver c. Get result...
Ammonia is oxidized in a well-insulated continuous reactor. The feed stream enters at 200C and the products leave at temperature T out (C). The inletoutlet enthalpy table for the reactor appears as...
Why is it important to use systems analysis and design methodologies when building a system? Why not just build the system in whatever way seems to be quick and easy? What value is provided by using...
6. The journal entry to accrue an expense is a. debit interest expense and credit interest payable. b. debit interest payable and credit interest expense. c. debit revenue and credit unearned...
Susan Knoll and Emerson Wyndon are forming a partnership to develop a theme park near Carlson City, Florida. Knoll invests cash of $3,000,000 and land valued at $11,000,000. When Knoll purchased the...
Puget Sound Divers is a company that provides diving services such as underwater ship repairs to clients in the Puget Sound area. The companys planning budget for May appears below: Puget Sound...
5. A ballet company sells season tickets to 500 people for $450 each cash. The entry for the sale of season tickets is a. Unearned Ticket Revenue $225,000 Ticket Revenue $225,000 b. Ticket Revenue...
7. An account that reduces an asset, liability, or owners' equity account is called a. an adjunct account. b. a contra-account. c. accounts receivable. d. a balance account.
List the types of membranes found in the body, their functions, and their locations?
1. You have been asked to review the valuation of Santiago Cement, a small Peruvian cement company, by an M&A analyst, for acquisition by a US cement company. The analyst has estimated a value of 1...
An owner investment of a building, valued at $100,000 with an $80,000 outstanding mortgage, transferring this asset into the business would O A. increase shareholders' equity by $20,000 OB. increase...
Politics ____ a set of activities performed in every country. is are A and B some other option
For a set of 70 coin flips, we record 21 heads and 49 tails. 1) If p is the true probability of heads, what is our best estimate for p here? 2) What is our best estimate for the standard deviation
Question 1 Corinth Biotech Limited (CBL) started operations in January 2018. CBL reports under IFRS. The following activities occurred during the year: 1. On January 31, 2018, the shareholder, John...
Name the functional group(s) present in each of the compounds in Problem 2.18.
(a) Bright Sdn Bhd (BSB) is a tax resident manufacturing company in Johor, which involves in ceramic tiles. Currently, BSBs annual sales turnover has been forecasted to be around RM 300,000 for the...
Place the number corresponding to each of the following characteristics in the appropriate section of the diagram. If a characteristic applies to both Accounts Receivable and Notes Receivable, place...
In the All About You feature, you learned about interest rates charged on credit cards and some of the advantages and disadvantages of credit cards. To get the most from your credit card and to save...
What is the relationship, if any, between depreciation and (a) Cost allocation, (b) Asset valuation, and (c) Cash?

6. The journal entry to accrue an expense is a. debit interest expense and credit interest payable....

Question:

Step by Step Answer:

Financial Accounting As A Second Language

Students also viewed these Business questions