Which of the following occurs when a company records accrued interest expense on a note payable? Cash is debited. Interest payable is credited. Note payable is credited. Interest expense is credited. A restaurant has been sued because a customer claims to have found a bug in her chili. The company's lawyers believe there is only a remote possibility that the lawsuit will result in an actual liability. Which of the following action* should be taken by the company's management? Management should consider resigning. The possible liability should be ignored. The liability should be estimated and recorded as an expense. The situation should be described in a note to the financial statements. Which is the following is paid by the employee only? F1CA FUTA State unemployment tax Employee income tax Which of the following is paid by both the employee and the employer? State unemployment tax FUTA F1CA Employee income tax Which of the following is the amount the borrower mus