As interest is recorded on an interest-bearing note, the Interest Expense account is decreased; the Interest Payable account is increased increased; the Notes Payable account is increased increased; the Notes Payable account is decreased increased; the Interest Payable account is increased. Question 6 4 pts Sales taxes collected by a retailer are recorded by debiting Sales Taxes Payable crediting Sales Taxes Payable debiting Sales Tax Expense crediting Sales Taxes Revenue