Saved Which of the following is incorrect regarding the Income Tax Payable account? Multiple Choice 0 The account represents income tax incurred, but not yet paid by the company 0 This is a liability account 0 The adjusting entry involving this accounts requires an entry to come Tax Expense 0 account represents tax refunds due to the company search DOLL Help See Son On December 31, 2018 interest of $700 is owed on a bank loan that will not be paid unt une 30 2019 What is the necessary adjusting Journal entry on December 31, 2018? Multiple Choice Debre r 200 Debestone and P ro ooo Debesty and credit mer ASV DELL WE