account. (Financial Statement). account. (Financial Statement) Accrued Interest on Short-Term Notes A business issued, and recorded, a 3-month Note Payable on July 1 to buy equipment. The business will make the following Journal Entry to accrue interest on July 31. The debit will The debit account appears as a (an) The credit will wFox The credit account appears in the l & C " (increase/decrease) the (Revenue/Expense) on the (increase/decrease) the section of the 3: #3 @2 31 dtv ST 888 14 " $ 4 % 55 ^ 6 8: &7 8: " DD 19 8 9 O 116 Question of 32 GE +1 FIL