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On October 1, 2025, Bella, Inc., took out a cash loan for $50,000 by signing a six-month, 3% note payable. The joumal entry to record
On October 1, 2025, Bella, Inc., took out a cash loan for $50,000 by signing a six-month, 3% note payable. The joumal entry to record the accrued interest expense on December 31, 2025, would be OA Interest Expense 750 Interest Payable 750 OB. Interest Payable 750 Interest Expense 750 OC. Interest Expense 375 375 Interest Payable OD. Interest Payable 375 375 Interest Expense
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