A combined GST and PST rate of 12% applied to taxable supplies is called .zero-rated tax harmonized Sales Tax. input Tax Credit combined Sales Tax. none of these. Which of the following is created by the adjusting entry to recognize interest expense incurred but not yet paid? Prepaid interest Unearned revenue Interest revenue Interest expense Notes payable The current portion of long-term debt Refers to the part of long-term debt that is due within one year Is shown separately from the long-term portion on the balance sheet . Must be disclosed Will be a known amount . All of these In closing the partnership accounts at the end of a period, the partners' capital accounts are credited for their share of the net loss or debited for their share of the profit. True False The statement of changes in equity shows the beginning balance in retained earnings, plus investments, less partners' withdrawals, the income or loss, and the ending balance in retained earnings. True False If the partners agree on a formula to share income and say nothing about losses, then the losses are shared equally. True False