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The adjusting journal entry to accrue interest on a short-term note payable includes a Debit to Interest Expense and a credit to Interest Payable. Debit

The adjusting journal entry to accrue interest on a short-term note payable includes a
Debit to Interest Expense and a credit to Interest Payable.
Debit to Interest Expense and a credit to Cash.
Debit to Interest Payable and a credit to Cash.
Debit to Interest Payable and a credit to Interest Expense.

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